Is Silver Palms, 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, Silver Palms was a Buyer's Market.
Housing Prices in Silver Palms, FL
How much do homes in Silver Palms, FL cost?
Median Sold Price
$445,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Silver Palms was $445,000 in April 2024, up 11.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $385.5K | $430K | +11.5% |
4 Bedrooms | $475.9K | $480K | +0.8% |
5+ Bedrooms | $610K | $645K | +5.7% |
Summary: Silver Palms housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
Silver Palms | $400K | $445K | +11.3% |
Goulds - East | $450K | $460K | +2.2% |
Blue Waters | $475K | $390K | -17.9% |
Housing Supply in Silver Palms, FL
How many homes are available in Silver Palms, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 44 | +4.8% |
Summary: The Silver Palms real estate market had 44 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Silver Palms housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Silver Palms in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Silver Palms, FL
How long does it take to sell a home in Silver Palms, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 25 Days | -43.0% |
Summary: Homes in Silver Palms had an average of 25 days on market in Apr 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Silver Palms; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.