Is Wyndham 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, Wyndham Palms was a Seller's Market.
Key Takeaway
Wyndham Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wyndham Palms, FL
How much do homes in Wyndham Palms, FL cost?
Median Sold Price
$450,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wyndham Palms have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Wyndham Palms was $450,000 in April 2024, up 2.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $252.4K | -4.7% |
| 3 Bedrooms | $290K | $285K | -1.7% |
| 4 Bedrooms | $488.7K | $495K | +1.3% |
| 5+ Bedrooms | $554K | $530.7K | -4.2% |
Summary: Wyndham 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 decreased by 4.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Creek | $453.5K | $479.9K | +5.8% |
| Wyndham Palms | $440K | $450K | +2.3% |
Housing Supply in Wyndham Palms, FL
How many homes are available in Wyndham Palms, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Wyndham Palms real estate market had 29 homes for sale in April 2024, a 11.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Wyndham 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 increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyndham Palms, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wyndham Palms in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Wyndham Palms, FL
How long does it take to sell a home in Wyndham Palms, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 53 Days | +720.5% |
Summary: Homes in Wyndham Palms had an average of 53 days on market in Apr 2024, up by 720.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wyndham Palms are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Wyndham Palms; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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