Is Palm Harbor, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Palm Harbor has remained a Seller's Market.
Housing Prices in Palm Harbor, FL
How much do homes in Palm Harbor, FL cost?
Median Sold Price
$432,948
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Palm Harbor was $432,948 in May 2024, up 8.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $185K | +1.1% |
2 Bedrooms | $290K | $300K | +3.4% |
3 Bedrooms | $450K | $479.9K | +6.7% |
4 Bedrooms | $700.3K | $750K | +7.1% |
5+ Bedrooms | $922.5K | $965K | +4.6% |
Summary: Palm Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Tarpon Springs | $400.3K | $453K | +13.2% |
Palm Harbor | $399.7K | $432.9K | +8.3% |
Dunedin | $419.9K | $431.9K | +2.9% |
Clearwater | $356.4K | $356.2K | -0.1% |
Oldsmar | $396K | $375K | -5.3% |
Housing Supply in Palm Harbor, FL
How many homes are available in Palm Harbor, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
641 | 653 | +1.9% |
Summary: The Palm Harbor real estate market had 653 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 37 | -7.5% |
2 Bedrooms | 250 | 263 | +5.2% |
3 Bedrooms | 211 | 208 | -1.4% |
4 Bedrooms | 107 | 115 | +7.5% |
5+ Bedrooms | 33 | 30 | -9.1% |
Summary: The Palm Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 123 | -2.4% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Palm Harbor in May 2024, down by 2.4% month-over-month. Of the 123 sold homes, 72% were sold under asking, 22% were sold at asking, and 7% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 43 Days | +27.7% |
Summary: Homes in Palm Harbor had an average of 43 days on market in May 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 123 homes were sold in Palm Harbor; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.