Palmetto, FL Home Values & Market Trends

Real estate market trends reflect that there have been 840 transactions over the past year in Palmetto. The median value for residential home transactions that occurred over the previous year is $416,450.83. The number of current listings in Palmetto is 202, and the percentage of properties for sale in the city is 202.00%. Palmetto, FL currently has 166 properties in foreclosure, 1 bank owned properties, 9 properties headed for auction, and 202 properties for sale.

Palmetto, FL Real Estate Market Overview

ZipMedian Est. Value
34221

$ 435,000

$ 259/sqft

Housing Market Summary for Palmetto, FL

Apr 2023March 2024Change
Median Listing Price$400K$412K2.99%
Median Sold Price$409.9K$412K0.49%
Homes For Sale11118667.57%
Homes Sold589407-30.90%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Palmetto, FL

Palmetto home values range from $29,678 to $37,514,411. The median estimated value of a home in Palmetto is $416,450.83. The median list price of a home is 389,900, and the total count of properties in the city is 19,063.

Foreclosure
There is 1 zips within Palmetto, FL; within this zips, the median estimated home value for homes in foreclosure ranges from $4,197,383 in 34221 to the lowest value of $77,362 in 34221. Foreclosure homes account for 0.00% of properties in Palmetto, FL with 34221 containing 166 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.82% of all residential properties in Palmetto, FL with 34221 containing 156 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palmetto, FL; of that zips, the estimated home value for pre-foreclosure homes ranges from $4,197,383 in 34221 to the lowest home value of $77,362 in 34221.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palmetto, FL ranges from the highest value of $226,660 in 34221 to the lowest value of $226,660 in 34221. Bank owned homes and properties account for 0.01% of properties in Palmetto, FL. There is 1 zips within Palmetto, FL; 34221 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    34221 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Palmetto, FL. Auction homes and other auction properties account for 0.05% of all properties in Palmetto, FL. There is 1 zips within Palmetto, FL; of that zips, the median estimated home value for homes going to auction ranges from $431,408 in 34221 to the lowest value of $320,916 in 34221.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.06% of residential properties in Palmetto, FL with 34221 containing 202 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Palmetto, FL; homes for sale in that zips, have a range of median values from $3,850,000 in 34221 to the lowest value of $192,000 in 34221.
    Sold Homes
    The median value for recently sold homes ranges from $2,653,250 in 34221 to the lowest price of $57,184 in 34221. There is 1 zips within Palmetto, FL. 34221 has 429 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.25% of properties in Palmetto, FL.

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      Guide for Palmetto, FL

      Market Reports
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      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
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      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

      Hialeah’s Real Estate Market Shows Growth; Property Values Surge from 2023-2024
      Fix and Flip|posted 13 March 2024

      The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.

      Jacksonville, FL: Real Estate Market Trends 2023
      Fix and Flip|posted 8 February 2024

      This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.