Palmer Ranch Housing Market Report December 2024•Sarasota County, Florida

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Housing Prices in Palmer Ranch, FL

How much do homes in Palmer Ranch, FL cost?

Housing Market Conditions

Is Palmer Ranch, 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

Palmer Ranch is a Neutral Market

Difference Since December 2023

At the same time last year, Palmer Ranch was a Seller's Market.

Insight

Palmer Ranch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$525,000$288/SqFt
+$21,916
+4.4%

Based on all homes sold in the last 12 months

Insight

Homes in Palmer Ranch have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Palmer Ranch was $525,000 in December 2024, up 4.4% from last year, and the median price per square foot was $288.

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.
BedsDec 2023Dec 2024Change YoY
1$215.3K$164.9K
-23.4%
2$388.7K$410K
+5.5%
3$593.1K$620K
+4.5%
4$844K$785.5K
-6.9%
5$996.4K$979K
-1.7%

Summary: Palmer Ranch housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -23.4%. The home price for 2 bedroom homes increased by +5.5%. The home price for 3 bedroom homes increased by +4.5%. The home price for 4 bedroom homes decreased by -6.9%. The home price for 5 bedroom homes decreased by -1.7%.

Housing supply in Palmer Ranch, FL

How many homes are available in Palmer Ranch, 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
270Last MonthDec 2024
2422 months agoNov 2024
+11.6 %
Change MoMNov – Dec

Summary: The Palmer Ranch real estate market had 270 homes for sale in Dec 2024, a 11.6 % increase compared to Nov 2024.

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
41Last MonthDec 2024
312 months agoNov 2024
+32.3 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
11622
+37.5%
2113118
+4.4%
393101
+8.6%
41725
+47.1%
534
+33.3%

Summary: Palmer Ranch housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +37.5%. The inventory for 2 bedroom homes increased by +4.4%. The inventory for 3 bedroom homes increased by +8.6%. The inventory for 4 bedroom homes increased by +47.1%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Palmer Ranch, 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 Price1 Home

At Asking Price4 Homes

Under Asking Price36 Homes

Insight

If you're buying a home in Palmer Ranch, you may be able to get a good deal. 87.8% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Palmer Ranch in December 2024, up by 32.3% month-over-month. Of the 41 sold homes, 88% were sold under asking, 10% were sold at asking, and and 2% were sold over asking.

Days on Market for Palmer Ranch, FL

How long does it take to sell a home in Palmer Ranch, FL?

Breakdown of Home Sale Times

Under 30 Days16 Homes

30 – 90 Days14 Homes

Over 90 Days11 Homes

Insight

Many homes in Palmer Ranch are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 41 homes were sold in Palmer Ranch; 39% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 27% 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
67 DaysThis YearDec 2024
48 Days1 year agoDec 2023
+39.1 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Palmer Ranch had an average listing age of 67 days in Dec 2024, up by 39.1% compared to the previous year.

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Newest Listings in Palmer Ranch, FL

What homes are available in Palmer Ranch, FL?

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Nearby markets aren't available for Palmer Ranch, FL

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, and Florida Gulf Coast MLS for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 10:49:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.