Palm City, FL Home Values & Market Trends

Real estate market trends reflect that there have been 755 transactions over the past year in Palm City. The median value for residential home transactions that occurred over the previous year is $662,547.83. The number of current listings in Palm City is 84, and the percentage of properties for sale in the city is 84.00%. Palm City, FL currently has 35 properties in foreclosure, 0 bank owned properties, 5 properties headed for auction, and 84 properties for sale.

Palm City, FL Real Estate Market Overview

ZipMedian Est. Value
34990

$ 764,079

$ 297/sqft

Housing Market Summary for Palm City, FL

Apr 2023March 2024Change
Median Listing Price$760K$627.6K-17.42%
Median Sold Price$610.6K$627.6K2.78%
Homes For Sale7371-2.74%
Homes Sold467463-0.86%
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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 Palm City, FL

Palm City home values range from $39,329 to $10,123,330. The median estimated value of a home in Palm City is $662,547.83. The median list price of a home is 783,700, and the total count of properties in the city is 13,422.

Foreclosure
There is 1 zips within Palm City, FL; within this zips, the median estimated home value for homes in foreclosure ranges from $1,441,627 in 34990 to the lowest value of $203,217 in 34990. Foreclosure homes account for 0.00% of properties in Palm City, FL with 34990 containing 35 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.22% of all residential properties in Palm City, FL with 34990 containing 30 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palm City, FL; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,441,627 in 34990 to the lowest home value of $203,217 in 34990.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palm City, FL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Palm City, FL. There is 1 zips within Palm City, FL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    34990 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Palm City, FL. Auction homes and other auction properties account for 0.04% of all properties in Palm City, FL. There is 1 zips within Palm City, FL; of that zips, the median estimated home value for homes going to auction ranges from $1,290,000 in 34990 to the lowest value of $228,915 in 34990.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.63% of residential properties in Palm City, FL with 34990 containing 84 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Palm City, FL; homes for sale in that zips, have a range of median values from $3,541,780 in 34990 to the lowest value of $281,725 in 34990.
    Sold Homes
    The median value for recently sold homes ranges from $4,122,255 in 34990 to the lowest price of $150,870 in 34990. There is 1 zips within Palm City, FL. 34990 has 423 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.15% of properties in Palm City, FL.

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      Guide for Palm City, FL

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

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      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.