Is Palm City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palm City is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Palm City was a Seller's Market.

Key Takeaway

Palm City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Palm City, FL cost?

Median Sold Price

$636,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$160,812(+33.8%)

Key Takeaway

Homes in Palm City have sold for 33.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $275K$313K
+13.8%
3 $404K$582K
+44.0%
4 $635K$845.5K
+33.1%
5+ $850K$970K
+14.1%

Median Sold Price Compared To Nearby Cities

Indiantown
+45.3%
Palm City
+33.8%
Port Saint Lucie
+29.5%
Stuart
+25.4%
Port Salerno-Hobe Sound
+17.7%

How many homes are available in Palm City, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
170167-1.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 2226
+18.2%
3 7775
-2.6%
4 5048
-4.0%
5+ 2118
-14.3%

Number of Homes Sold

Aug 2022Sep 2022%
2926-10.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palm City, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
23 Days25 Days+6.4%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palm City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Palm City, FL

Homes for sale in Palm City, FL have reached 167. The inventory of homes for sale in Palm City, FL between August 2022 and September 2022 decreased by 1.8%. In September 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $636,000. This housing market listing prices have changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 13.8%, prices of 3 bedrooms properties increased by 44%, prices of 4 bedrooms properties increased by 33.1%, 5 bedrooms properties prices increased by 14.1%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 18.2%, volume of 3 bedrooms homes went down by 2.6%, number of 4 bedrooms homes decreased by 4%, volume of 5 bedrooms homes went down by 14.3%. Palm City, FL housing market in September 2022 saw over 3 listings sold above listed price, more than 5 sold at listed price and over 18 sold below.

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