Is Palm Coast, 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 Coast was a Seller's Market.
Housing Prices in Palm Coast, FL
How much do homes in Palm Coast, FL cost?
Median Sold Price
$355,944
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Palm Coast was $355,944 in March 2024, down 3.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $246K | $198K | -19.5% |
2 Bedrooms | $283.5K | $269.4K | -4.9% |
3 Bedrooms | $360K | $349.9K | -2.8% |
4 Bedrooms | $386K | $378.6K | -1.9% |
5+ Bedrooms | $485K | $500K | +3.1% |
Summary: Palm Coast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Flagler Beach | $525K | $510K | -2.9% |
Palm Coast | $369.4K | $355.9K | -3.7% |
Bunnell | $306.9K | $293.9K | -4.2% |
Housing Supply in Palm Coast, FL
How many homes are available in Palm Coast, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,681 | 1,849 | +10.0% |
Summary: The Palm Coast real estate market had 1,849 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 14 | +100.0% |
2 Bedrooms | 108 | 105 | -2.8% |
3 Bedrooms | 920 | 1,031 | +12.1% |
4 Bedrooms | 565 | 599 | +6.0% |
5+ Bedrooms | 81 | 100 | +23.5% |
Summary: The Palm Coast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
219 | 289 | +32.0% |
Asking Price vs. Sold Price
191 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 289 homes were sold or pending in Palm Coast in March 2024, up by 32.0% month-over-month. Of the 289 sold homes, 66% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Palm Coast, FL
How long does it take to sell a home in Palm Coast, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 96 Days | +51.8% |
Summary: Homes in Palm Coast had an average of 96 days on market in Mar 2024, up by 51.8% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
133 Homes Were Sold
Over 90 Days
Summary: During March 2024, 289 homes were sold in Palm Coast; 33% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.