Is Palmer Ranch, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Palmer Ranch was a Seller's Market.
Key Takeaway
Palmer Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palmer Ranch, FL
How much do homes in Palmer Ranch, FL cost?
Median Sold Price
$511,725
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palmer Ranch have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Palmer Ranch was $511,725 in April 2024, down 1.6% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.8K | $214.5K | +1.3% |
| 2 Bedrooms | $396.6K | $384K | -3.2% |
| 3 Bedrooms | $600K | $610K | +1.7% |
| 4 Bedrooms | $800K | $802.5K | 0.3% |
| 5+ Bedrooms | $1.2M | $983.9K | -19.3% |
Summary: Palmer Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Pinestone on Palmer Ranch | $327.5K | $369.9K | +12.9% |
| Palmer Ranch | $520K | $511.7K | -1.6% |
| Village Grand on Palmer Ranch | $210K | $192.5K | -8.3% |
| Deer Creek on Palmer Ranch | $830K | $750K | -9.6% |
Housing Supply in Palmer Ranch, FL
How many homes are available in Palmer Ranch, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 337 | 329 | -2.4% |
Summary: The Palmer Ranch real estate market had 329 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 149 | 142 | -4.7% |
| 3 Bedrooms | 146 | 144 | -1.4% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Palmer Ranch 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 decreased by 4.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 51 | +6.3% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Ranch, you may be able to get a good deal. 78.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Palmer Ranch in April 2024, up by 6.3% month-over-month. Of the 51 sold homes, 78% were sold under asking, 14% were sold at asking, and 8% were sold over asking.
Days on Market for Palmer Ranch, FL
How long does it take to sell a home in Palmer Ranch, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 55 Days | +98.2% |
Summary: Homes in Palmer Ranch had an average of 55 days on market in Apr 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in Palmer Ranch; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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