Is Palm Harbor, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Palm Harbor has remained a Seller's Market.
Key Takeaway
Palm Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Harbor, FL
How much do homes in Palm Harbor, FL cost?
Median Sold Price
$427,893
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palm Harbor have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Palm Harbor was $427,893 in March 2024, up 6.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $185K | +1.6% |
| 2 Bedrooms | $290K | $289.9K | 0% |
| 3 Bedrooms | $453.7K | $475K | +4.7% |
| 4 Bedrooms | $715K | $719.6K | +0.7% |
| 5+ Bedrooms | $900K | $1.0M | +14.4% |
Summary: Palm Harbor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Tarpon Springs | $401K | $434K | +8.2% |
| Palm Harbor | $401.6K | $427.8K | +6.5% |
| Dunedin | $412.7K | $436.6K | +5.8% |
| Clearwater | $365.8K | $353.5K | -3.4% |
| Oldsmar | $400.3K | $374.9K | -6.3% |
Housing Supply in Palm Harbor, FL
How many homes are available in Palm Harbor, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 572 | 632 | +10.5% |
Summary: The Palm Harbor real estate market had 632 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 55 | +17.0% |
| 2 Bedrooms | 231 | 259 | +12.1% |
| 3 Bedrooms | 173 | 187 | +8.1% |
| 4 Bedrooms | 95 | 97 | +2.1% |
| 5+ Bedrooms | 26 | 34 | +30.8% |
Summary: The Palm Harbor housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 118 | +16.8% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Harbor, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 118 homes were sold or pending in Palm Harbor in March 2024, up by 16.8% month-over-month. Of the 118 sold homes, 74% were sold under asking, 10% were sold at asking, and 16% were sold over asking.
Days on Market for Palm Harbor, FL
How long does it take to sell a home in Palm Harbor, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +7.2% |
Summary: Homes in Palm Harbor had an average of 46 days on market in Mar 2024, up by 7.2% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Harbor are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 118 homes were sold in Palm Harbor; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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