Is Three Palms Point, 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, Three Palms Point was a Seller's Market.
Key Takeaway
Three Palms Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Three Palms Point, FL
How much do homes in Three Palms Point, FL cost?
Median Sold Price
$389,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Three Palms Point have sold for 27.3% less than they did a year ago.
Summary: The median home sold price in Three Palms Point was $389,000 in April 2024, down 27.3% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354K | $275K | -22.3% |
| 2 Bedrooms | $500K | $448.2K | -10.3% |
| 3 Bedrooms | $1.6M | $1.0M | -37.8% |
| 4 Bedrooms | $1.9M | $1.7M | -10.6% |
| 5+ Bedrooms | $2.5M | - | N/A |
Summary: Three Palms Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 37.8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Saint Pete Beach | $513K | $592.5K | +15.5% |
| Three Palms Point | $535K | $389K | -27.3% |
Housing Supply in Three Palms Point, FL
How many homes are available in Three Palms Point, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Three Palms Point real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Three Palms Point 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 decreased by 20%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Three Palms Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Three Palms Point in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Three Palms Point, FL
How long does it take to sell a home in Three Palms Point, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 533 Days | +4341.7% |
Summary: Homes in Three Palms Point had an average of 533 days on market in Apr 2024, up by 4341.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Three Palms Point are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Three Palms Point; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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