Is Palma Ceia Pines, 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, Palma Ceia Pines has remained a Seller's Market.
Key Takeaway
Palma Ceia Pines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palma Ceia Pines, FL
How much do homes in Palma Ceia Pines, FL cost?
Median Sold Price
$642,500
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palma Ceia Pines have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Palma Ceia Pines was $642,500 in April 2024, up 13.7% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | $175K | +7.0% |
| 2 Bedrooms | $390K | $347.5K | -10.9% |
| 3 Bedrooms | $670K | $800K | +19.4% |
| 4 Bedrooms | $874.9K | $772K | -11.8% |
| 5+ Bedrooms | $975K | $2.1M | +115.4% |
Summary: Palma Ceia Pines housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 19.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 115.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Courier City | $422.5K | $497.4K | +17.8% |
| Palma Ceia Pines | $565K | $642.5K | +13.7% |
| Oakford Park | $538K | $595K | +10.6% |
| Armory Gardens | $632.5K | $600.4K | -5.1% |
Housing Supply in Palma Ceia Pines, FL
How many homes are available in Palma Ceia Pines, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Palma Ceia Pines real estate market had 35 homes for sale in April 2024, a 2.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palma Ceia Pines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palma Ceia Pines, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Palma Ceia Pines in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Palma Ceia Pines, FL
How long does it take to sell a home in Palma Ceia Pines, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +34.3% |
Summary: Homes in Palma Ceia Pines had an average of 27 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palma Ceia Pines are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Palma Ceia Pines; 71% of homes were sold within 30 days, 14% 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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