Is Palm Harbor, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Palm Harbor has remained a Seller's Market.
Key Takeaway
Palm Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palm Harbor, FL
How much do homes in Palm Harbor, FL cost?
Median Sold Price
$430,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palm Harbor have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Palm Harbor was $430,000 in April 2024, up 7.1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $184.7K | -0.1% |
| 2 Bedrooms | $289.9K | $300K | +3.5% |
| 3 Bedrooms | $455K | $476.2K | +4.7% |
| 4 Bedrooms | $715K | $731.1K | +2.3% |
| 5+ Bedrooms | $900K | $1.0M | +15.8% |
Summary: Palm Harbor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Tarpon Springs | $400K | $450K | +12.5% |
| Palm Harbor | $401.5K | $430K | +7.1% |
| Dunedin | $420.3K | $443K | +5.4% |
| Clearwater | $363.3K | $353.7K | -2.6% |
| Oldsmar | $399.1K | $375K | -6.1% |
Housing Supply in Palm Harbor, FL
How many homes are available in Palm Harbor, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 631 | 644 | +2.1% |
Summary: The Palm Harbor real estate market had 644 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 42 | -8.7% |
| 2 Bedrooms | 251 | 263 | +4.8% |
| 3 Bedrooms | 198 | 208 | +5.1% |
| 4 Bedrooms | 100 | 100 | 0.0% |
| 5+ Bedrooms | 36 | 31 | -13.9% |
Summary: The Palm Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 122 | -3.2% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Harbor, you may be able to get a good deal. 74.6% of homes here sold below asking price last month.
Summary: A total of 122 homes were sold or pending in Palm Harbor in April 2024, down by 3.2% month-over-month. Of the 122 sold homes, 75% were sold under asking, 16% were sold at asking, and 10% were sold over asking.
Days on Market for Palm Harbor, FL
How long does it take to sell a home in Palm Harbor, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 38 Days | -5.9% |
Summary: Homes in Palm Harbor had an average of 38 days on market in Apr 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Harbor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 122 homes were sold in Palm Harbor; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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