Is East Palatka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Palatka was a Seller's Market.
Housing Prices in East Palatka, FL
How much do homes in East Palatka, FL cost?
Median Sold Price
$263,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Palatka was $263,000 in May 2024, up 9.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $100K | -41.2% |
2 Bedrooms | $159K | $182.5K | +14.8% |
3 Bedrooms | $260K | $315K | +21.2% |
4 Bedrooms | $254.6K | $355K | +39.4% |
5+ Bedrooms | $757.6K | $575K | -24.1% |
Summary: East Palatka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
East Palatka | $240K | $263K | +9.6% |
Palatka | $203K | $218.2K | +7.5% |
Hastings | $295.9K | $304K | +2.7% |
Housing Supply in East Palatka, FL
How many homes are available in East Palatka, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Summary: The East Palatka real estate market had 38 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 27 | 25 | -7.4% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The East Palatka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East Palatka in May 2024, down by 75.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Palatka, FL
How long does it take to sell a home in East Palatka, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
116 Days | 84 Days | -27.6% |
Summary: Homes in East Palatka had an average of 84 days on market in May 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in East Palatka; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.