Is Palm Springs North, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Palm Springs North has remained a Seller's Market.
Key Takeaway
Palm Springs North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Springs North, FL
How much do homes in Palm Springs North, FL cost?
Median Sold Price
$650,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palm Springs North have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Palm Springs North was $650,000 in March 2024, up 10.2% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $490K | +58.1% |
| 3 Bedrooms | $580K | $564.5K | -2.7% |
| 4 Bedrooms | $612K | $675K | +10.3% |
| 5+ Bedrooms | $640K | $799.5K | +24.9% |
Summary: Palm Springs North 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 increased by 58.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Marbella Park | $550K | $615K | +11.8% |
| Palm Springs North | $590K | $650K | +10.2% |
Housing Supply in Palm Springs North, FL
How many homes are available in Palm Springs North, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Palm Springs North real estate market had 11 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palm Springs North 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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 Springs North, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palm Springs North in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Palm Springs North, FL
How long does it take to sell a home in Palm Springs North, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +115.4% |
Summary: Homes in Palm Springs North had an average of 28 days on market in Mar 2024, up by 115.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Springs North are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Palm Springs North; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© 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.