Is Palmer Ranch, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmer Ranch is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Palmer Ranch was a Seller's Market.

Key Takeaway

Palmer Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Palmer Ranch, FL

How much do homes in Palmer Ranch, FL cost?

Median Sold Price

$519,285

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$14,285(+2.8%)

Key Takeaway

Homes in Palmer Ranch have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Palmer Ranch was $519,285 in June 2024, up 2.8% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $209K$210K
0.5%
2 $386.2K$386.2K
0.0%
3 $588.3K$615K
+4.5%
4 $810K$815K
+0.6%
5+ $1.0M$973K
-3.8%

Summary: Palmer Ranch housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

Village Grand on Palmer Ranch
+9.9%
Palmer Ranch
+2.8%

Housing Supply in Palmer Ranch, FL

How many homes are available in Palmer Ranch, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
326274-16.0%

Summary: The Palmer Ranch real estate market had 274 homes for sale in June 2024, a 16.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 911
+22.2%
2 126102
-19.0%
3 155128
-17.4%
4 3128
-9.7%
5+ 55
0.0%

Summary: The Palmer Ranch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
7837-52.6%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmer Ranch, you may be able to get a good deal. 73% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Palmer Ranch in June 2024, down by 52.6% month-over-month. Of the 37 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% 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

Jun 2023Jun 2024CHANGE
42 Days64 Days+50.6%

Summary: Homes in Palmer Ranch had an average of 64 days on market in Jun 2024, up by 50.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palmer Ranch are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 37 homes were sold in Palmer Ranch; 41% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Palmer Ranch, FL

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