Palm Harbor Housing Market Report February 2025•Flagler County, Florida

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Housing Prices in Palm Harbor, FL

How much do homes in Palm Harbor, FL cost?

Housing Market Conditions

Is Palm Harbor, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palm Harbor is a Buyer's Market

Difference Since February 2024

At the same time last year, Palm Harbor was a Neutral Market.

Insight

Palm Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$410,000$217/SqFt
-$14,975
-3.5%

Based on all homes sold in the last 12 months

Insight

Homes in Palm Harbor have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Palm Harbor was $410,000 in February 2025, down 3.5% from last year, and the median price per square foot was $217.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Palm Harbor
-3.5%
Country Club Cove Palm Coast
-19.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$157.5K$155K
-1.6%
2$269K$253.9K
-5.6%
3$435K$420K
-3.4%
4$465K$479K
+3.0%
5$544.5K$577.5K
+6.1%

Summary: Palm Harbor housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.6%. The home price for 2 bedroom homes decreased by -5.6%. The home price for 3 bedroom homes decreased by -3.4%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes increased by +6.1%.

Housing supply in Palm Harbor, FL

How many homes are available in Palm Harbor, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
278Last MonthFeb 2025
2422 months agoJan 2025
+14.9 %
Change MoMJan – Feb

Summary: The Palm Harbor real estate market had 278 homes for sale in Feb 2025, a 14.9 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
31Last MonthFeb 2025
212 months agoJan 2025
+47.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
111
0.0%
21924
+26.3%
3164183
+11.6%
44962
+26.5%
598
-11.1%

Summary: Palm Harbor housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +26.3%. The inventory for 3 bedroom homes increased by +11.6%. The inventory for 4 bedroom homes increased by +26.5%. The inventory for 5 bedroom homes decreased by -11.1%.

Asking Price vs. Sold Price

How much do homes in Palm Harbor, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price4 Homes

Under Asking Price24 Homes

Insight

If you're buying a home in Palm Harbor, you may be able to get a good deal. 77.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Palm Harbor in February 2025, up by 47.6% month-over-month. Of the 31 sold homes, 77% were sold under asking, 13% were sold at asking, and and 10% were sold over asking.

Days on Market for Palm Harbor, FL

How long does it take to sell a home in Palm Harbor, FL?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days9 Homes

Over 90 Days16 Homes

Insight

Most homes in Palm Harbor are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 31 homes were sold in Palm Harbor; 19% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
118 DaysThis YearFeb 2025
46 Days1 year agoFeb 2024
+154.3 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Palm Harbor had an average listing age of 118 days in Feb 2025, up by 154.3% compared to the previous year.

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Newest Listings in Palm Harbor, FL

What homes are available in Palm Harbor, FL?

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Nearby markets aren't available for Palm Harbor, FL

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Based on information from Stellar MLS, Daytona Beach MLS, realMLS, St. Augustine & St. Johns County MLS, and Miami MLS for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/9/2025, 11:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/10/2025, 4:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 12:50:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information being provided by St. Augustine & St. Johns County Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the St. Augustine & St. Johns County Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 4:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 4:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.