Housing Prices in Palm Island, FL
How much do homes in Palm Island, FL cost?
Median List Price
$12,000,000
$3,166/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Palm Island has increased by 93.5% since last year.
Summary: The median home list price in Palm Island was $12,000,000 in March 2024, up 93.5% from the previous year, and the median price per square foot was $3,166.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $5.9M | $6.8M | +16.9% |
| 5+ Bedrooms | $23.0M | $19.9M | -13.7% |
Summary: Palm Island 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 13.7%.
Median List Price Compared To Nearby Neighborhoods
| Palm Island | $6.2M | $12.0M | +93.5% |
| Venetian Islands | $1.3M | $2.1M | +53.2% |
Housing Supply in Palm Island, FL
How many homes are available in Palm Island, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Palm Island real estate market had 10 homes for sale in March 2024, a 11.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Palm Island 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Days on Market for Palm Island, FL
How long does it take to sell a home in Palm Island, FL?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 660 Days | 266 Days | -59.6% |
Summary: Homes in Palm Island had an average listing age of 266 days in Mar 2024, down by 59.6% compared to the previous year.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.