Is Palm Springs, 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, Palm Springs was a Seller's Market.
Housing Prices in Palm Springs, FL
How much do homes in Palm Springs, FL cost?
Median Sold Price
$279,950
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palm Springs was $279,950 in April 2024, up 3.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $104.2K | +4.3% |
2 Bedrooms | $230K | $258.5K | +12.4% |
3 Bedrooms | $384.9K | $390K | +1.3% |
4 Bedrooms | $442.5K | $494K | +11.6% |
5+ Bedrooms | $439.9K | $460K | +4.6% |
Summary: Palm Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Lake Clarke Shores | $595K | $673K | +13.1% |
Palm Springs | $270K | $279.9K | +3.7% |
Housing Supply in Palm Springs, FL
How many homes are available in Palm Springs, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 165 | +17.9% |
Summary: The Palm Springs real estate market had 165 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 46 | +17.9% |
2 Bedrooms | 52 | 67 | +28.8% |
3 Bedrooms | 41 | 42 | +2.4% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Palm Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 22 | +29.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Palm Springs in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Palm Springs, FL
How long does it take to sell a home in Palm Springs, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 38 Days | +61.7% |
Summary: Homes in Palm Springs had an average of 38 days on market in Apr 2024, up by 61.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Palm Springs; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.