Is The Palms, 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, The Palms has remained a Seller's Market.
Housing Prices in The Palms, FL
How much do homes in The Palms, FL cost?
Median Sold Price
$450,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in The Palms was $450,000 in March 2024, down 30.8% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $378K | $361.2K | -4.4% |
3 Bedrooms | $550K | $429K | -22.0% |
4 Bedrooms | $675K | $589K | -12.7% |
5+ Bedrooms | $825.5K | $694K | -15.9% |
Summary: The Palms housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Neighborhoods
Nocatee | $645K | $644.1K | -0.1% |
Artisan Lakes | $680K | $640K | -5.9% |
The Palms | $650K | $450K | -30.8% |
Housing Supply in The Palms, FL
How many homes are available in The Palms, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Summary: The The Palms real estate market had 9 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The The Palms housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in The Palms in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Palms, FL
How long does it take to sell a home in The Palms, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 74 Days | +175.9% |
Summary: Homes in The Palms had an average of 74 days on market in Mar 2024, up by 175.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in The Palms; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.