Is Palm Breeze at Keys Gate, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Palm Breeze at Keys Gate was a Seller's Market.
Key Takeaway
Palm Breeze at Keys Gate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palm Breeze at Keys Gate, FL
How much do homes in Palm Breeze at Keys Gate, FL cost?
Median Sold Price
$294,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palm Breeze at Keys Gate have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Palm Breeze at Keys Gate was $294,000 in March 2024, up 15.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | - | N/A |
| 2 Bedrooms | $215K | $239K | +11.2% |
| 3 Bedrooms | $265K | $304K | +14.7% |
| 4 Bedrooms | $380K | $395K | +3.9% |
| 5+ Bedrooms | $495K | - | N/A |
Summary: Palm Breeze at Keys Gate housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Palm Breeze at Keys Gate | $255K | $294K | +15.3% |
| The Shores | $399K | $450K | +12.8% |
| Homestead Lakes | $360.1K | $390.1K | +8.3% |
| Towngate Arbor Park | $255K | $271.5K | +6.5% |
Housing Supply in Palm Breeze at Keys Gate, FL
How many homes are available in Palm Breeze at Keys Gate, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 82 | +2.5% |
Summary: The Palm Breeze at Keys Gate real estate market had 82 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 44 | 48 | +9.1% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palm Breeze at Keys Gate housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Breeze at Keys Gate, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Palm Breeze at Keys Gate in March 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Palm Breeze at Keys Gate, FL
How long does it take to sell a home in Palm Breeze at Keys Gate, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 78 Days | +125.4% |
Summary: Homes in Palm Breeze at Keys Gate had an average of 78 days on market in Mar 2024, up by 125.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Breeze at Keys Gate are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Palm Breeze at Keys Gate; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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