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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palm Harbor is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Palm Harbor, FL cost?

Median Sold Price

$379,441

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$58,312(+18.2%)

Key Takeaway

Homes in Palm Harbor have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $127.2K$165K
+29.7%
2 $215K$275.2K
+28.0%
3 $365.1K$440K
+20.5%
4 $536.3K$675K
+25.8%
5+ $745K$925K
+24.2%

Median Sold Price Compared To Nearby Cities

Safety Harbor
+25.7%
Tarpon Springs
+25.1%
Oldsmar
+24.8%
Dunedin
+23.8%
Palm Harbor
+18.2%

How many homes are available in Palm Harbor, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
480409-14.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 3329
-12.1%
2 155129
-16.8%
3 165142
-13.9%
4 10892
-14.8%
5+ 1917
-10.5%

Number of Homes Sold

Aug 2022Sep 2022%
161109-32.3%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palm Harbor, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days15 Days-8.0%

Breakdown of Home Sale Times

91 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palm Harbor 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 Harbor, FL

Palm Harbor, FL has 409 homes on the market. The number of listings in Palm Harbor, FL decreased by 14.8% between August 2022 and September 2022. While the average time on the market in September 2022 was 15 days, the median list price was $379,441. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went up by 29.7%, 2 bedrooms properties prices increased by 28%, 3 bedrooms properties prices increased by 20.5%, 4 bedrooms properties prices increased by 25.8%, the cost of 5 bedrooms properties went up by 24.2%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 12.1%, number of 2 bedrooms homes decreased by 16.8%, 3 bedrooms homes became 13.9% less available, volume of 4 bedrooms homes went down by 14.8%, the quantity of 5 bedrooms homes went down by 10.5%. In September 2022 more than 23 listings in Palm Harbor, FL were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 59 were sold below.

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