Is Palm Hill, 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 Hill was a Buyer's Market.
Key Takeaway
Palm Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Hill, FL
How much do homes in Palm Hill, FL cost?
Median Sold Price
$185,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palm Hill have sold for 28.8% less than they did a year ago.
Summary: The median home sold price in Palm Hill was $185,000 in March 2024, down 28.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174K | $163.5K | -6.0% |
| 3 Bedrooms | $419K | $325K | -22.4% |
| 4 Bedrooms | $500K | $477K | -4.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Palm Hill 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 decreased by 6%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Largo | $370K | $350K | -5.4% |
| Whispering Pines | $380K | $319K | -16.1% |
| Palm Hill | $260K | $185K | -28.8% |
Housing Supply in Palm Hill, FL
How many homes are available in Palm Hill, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Palm Hill real estate market had 32 homes for sale in March 2024, a 10.3% 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 | 26 | 27 | +3.8% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Palm Hill 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 increased by 3.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Hill, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Palm Hill in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Palm Hill, FL
How long does it take to sell a home in Palm Hill, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 46 Days | +256.6% |
Summary: Homes in Palm Hill had an average of 46 days on market in Mar 2024, up by 256.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Palm Hill; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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