Is Palm River-Gibsonton, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palm River-Gibsonton is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Palm River-Gibsonton, FL cost?

Median Sold Price

$312,561

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$85,961(+37.9%)

Key Takeaway

Homes in Palm River-Gibsonton have sold for 37.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $85K$265K
+211.8%
2 $175K$235K
+34.3%
3 $227.3K$310K
+36.3%
4 $269K$360K
+33.8%
5+ $329K$426.5K
+29.7%

Median Sold Price Compared To Nearby Cities

Palm River-Gibsonton
+37.9%
Gibsonton
+37.3%
Riverview
+31.4%
Brandon
+29.2%
Tampa
+17.0%

How many homes are available in Palm River-Gibsonton, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
294275-6.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 4345
+4.7%
3 158142
-10.1%
4 7368
-6.8%
5+ 1919
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
9567-29.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palm River-Gibsonton, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
7 Days9 Days+23.3%

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palm River-Gibsonton 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 River-Gibsonton, FL

There are 275 homes are for sale in Palm River-Gibsonton, FL real estate market. The inventory of homes for sale in Palm River-Gibsonton, FL between June 2022 and July 2022 decreased by 6.5%. In July 2022 median list price was $312,561 and the average listing age was 9 days. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 211.8%, the cost of 2 bedrooms properties went up by 34.3%, 3 bedrooms properties prices increased by 36.3%, 4 bedrooms properties prices increased by 33.8%, prices of 5 bedrooms properties went up by 29.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 4.7%, number of 3 bedrooms homes decreased by 10.1%, number of 4 bedrooms homes decreased by 6.8%, number of 5 bedrooms homes remained the same. Over 35 listings were sold over their listed price in July 2022 in Palm River-Gibsonton, FL. In the same period over 16 listings were sold below the listed price and 16 listings were sold for the listed price.

Related Housing Market Reports