Palmetto Housing Market Report April 2025•Manatee County, Florida

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Housing Prices in Palmetto, FL

How much do homes in Palmetto, FL cost?

Housing Market Conditions

Is Palmetto, 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

Palmetto is a Neutral Market

Difference Since April 2024

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

Insight

Palmetto 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.
$379,998$212/SqFt
-$16,927
-4.3%

Based on all homes sold in the last 12 months

Insight

Homes in Palmetto have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Palmetto was $379,998 in April 2025, down 4.3% from last year, and the median price per square foot was $212.

Median Sold Price By Cities

Median Sold Price By Cities
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
Ellenton
+14.8%
Palmetto
-4.3%

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.
BedsApr 2024Apr 2025Change YoY
1$110K$66.5K
-39.5%
2$324K$273.4K
-15.6%
3$375K$350.6K
-6.5%
4$424.2K$410.3K
-3.3%
5$430.9K$426.9K
-0.9%

Summary: Palmetto housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -39.5%. The home price for 2 bedroom homes decreased by -15.6%. The home price for 3 bedroom homes decreased by -6.5%. The home price for 4 bedroom homes decreased by -3.3%. The home price for 5 bedroom homes decreased by -0.9%.

How does Palmetto, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Palmetto, FL

Housing supply in Palmetto, FL

How many homes are available in Palmetto, 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
570Last MonthApr 2025
5692 months agoMar 2025
0.2 %
Change MoMMar – Apr

Summary: The Palmetto real estate market had 570 homes for sale in Apr 2025, a .2 % decrease compared to Mar 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
91Last MonthApr 2025
832 months agoMar 2025
+9.6 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
100
0.0%
294101
+7.4%
3267258
-3.4%
4165167
+1.2%
54344
+2.3%

Summary: Palmetto housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +7.4%. The inventory for 3 bedroom homes decreased by -3.4%. The inventory for 4 bedroom homes increased by +1.2%. The inventory for 5 bedroom homes increased by +2.3%.

Asking Price vs. Sold Price

How much do homes in Palmetto, 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 Price2 Homes

At Asking Price26 Homes

Under Asking Price63 Homes

Insight

If you're buying a home in Palmetto, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in Palmetto in April 2025, up by 9.6% month-over-month. Of the 91 sold homes, 69% were sold under asking, 29% were sold at asking, and and 2% were sold over asking.

Days on Market for Palmetto, FL

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

Breakdown of Home Sale Times

Under 30 Days26 Homes

30 – 90 Days30 Homes

Over 90 Days35 Homes

Insight

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

Summary: During April 2025, 91 homes were sold in Palmetto; 29% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 38% 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
76 DaysThis YearApr 2025
69 Days1 year agoApr 2024
+10.1 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Palmetto had an average listing age of 76 days in Apr 2025, up by 10.1% compared to the previous year.

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Newest Listings in Palmetto, FL

What homes are available in Palmetto, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, Florida Gulf Coast MLS, realMLS, and Beaches MLS for the period 05/01/2023 - 05/01/2025

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. Properties displayed may be listed or sold by various participants in the MLS.

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: 5/1/2025, 11:49:52 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: 5/2/2025, 2:20:49 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: 5/2/2025, 12:50:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial 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: 5/2/2025, 2:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.