$5,250,000
2.74 Acres
Land
Khairi Salah, Listing Office: ALIGN RIGHT REALTY SUNCOAST
Is Palm River-Gibsonton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Palm River-Gibsonton has remained a Seller's Market.
Key Takeaway
Palm River-Gibsonton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm River-Gibsonton, FL
How much do homes in Palm River-Gibsonton, FL cost?
Median Sold Price
$331,672
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$5,265(+1.6%)
Key Takeaway
Homes in Palm River-Gibsonton have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Palm River-Gibsonton was $331,672 in August 2024, up 1.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $258K | $250K | -3.1% |
| 3 Bedrooms | $320K | $320K | 0.0% |
| 4 Bedrooms | $375.6K | $376K | 0.1% |
| 5+ Bedrooms | $453.5K | $430K | -5.2% |
Summary: Palm River-Gibsonton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in Palm River-Gibsonton, FL
How many homes are available in Palm River-Gibsonton, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 301 | 294 | -2.3% |
Summary: The Palm River-Gibsonton real estate market had 294 homes for sale in August 2024, a 2.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 38 | 50 | +31.6% |
| 3 Bedrooms | 162 | 150 | -7.4% |
| 4 Bedrooms | 74 | 71 | -4.1% |
| 5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The Palm River-Gibsonton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 65 | 63 | -3.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm River-Gibsonton, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Palm River-Gibsonton in August 2024, down by 3.1% month-over-month. Of the 63 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for Palm River-Gibsonton, FL
How long does it take to sell a home in Palm River-Gibsonton, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 31 Days | 46 Days | +50.5% |
Summary: Homes in Palm River-Gibsonton had an average of 46 days on market in Aug 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm River-Gibsonton are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 63 homes were sold in Palm River-Gibsonton; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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