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 April 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
$335,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palm River-Gibsonton have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Palm River-Gibsonton was $335,000 in April 2024, up 1.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $260K | $257K | -1.2% |
| 3 Bedrooms | $331.9K | $320K | -3.6% |
| 4 Bedrooms | $385K | $380.3K | -1.2% |
| 5+ Bedrooms | $459.5K | $432.5K | -5.9% |
Summary: Palm River-Gibsonton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Palm River-Gibsonton, FL
How many homes are available in Palm River-Gibsonton, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 295 | 284 | -3.7% |
Summary: The Palm River-Gibsonton real estate market had 284 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 51 | 50 | -2.0% |
| 3 Bedrooms | 147 | 143 | -2.7% |
| 4 Bedrooms | 75 | 66 | -12.0% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Palm River-Gibsonton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 62 | -15.1% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 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. 51.6% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Palm River-Gibsonton in April 2024, down by 15.1% month-over-month. Of the 62 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 44 Days | -9.6% |
Summary: Homes in Palm River-Gibsonton had an average of 44 days on market in Apr 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 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 April 2024, 62 homes were sold in Palm River-Gibsonton; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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