Is Palm Valley, 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 Valley has remained a Seller's Market.
Key Takeaway
Palm Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Valley, FL
How much do homes in Palm Valley, FL cost?
Median Sold Price
$676,300
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palm Valley have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Palm Valley was $676,300 in March 2024, up 4.2% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $239K | +6.3% |
| 2 Bedrooms | $307.8K | $310K | +0.7% |
| 3 Bedrooms | $612.5K | $682.4K | +11.4% |
| 4 Bedrooms | $1.1M | $1.1M | +0.7% |
| 5+ Bedrooms | $1.4M | $1.4M | -5.5% |
Summary: Palm Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Palm Valley, FL
How many homes are available in Palm Valley, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 156 | 159 | +1.9% |
Summary: The Palm Valley real estate market had 159 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 15 | +50.0% |
| 2 Bedrooms | 38 | 31 | -18.4% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Palm Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Valley, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Palm Valley in March 2024, up by 11.1% month-over-month. Of the 30 sold homes, 87% were sold under asking, 10% were sold at asking, and 3% were sold over asking.
Days on Market for Palm Valley, FL
How long does it take to sell a home in Palm Valley, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 42 Days | -23.4% |
Summary: Homes in Palm Valley had an average of 42 days on market in Mar 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Palm Valley; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
