The Palm River housing market is somewhat competitive. The median sale price of a home in Palm River was $363K last month, up 11.5% since last year. The median sale price per square foot in Palm River is $276, down 6.9% since last year.
What is the housing market like in Palm River today?
In March 2024, Palm River home prices were up 11.5% compared to last year, selling for a median price of $363K. On average, homes in Palm River sell after 40 days on the market compared to 20 days last year. There were 16 homes sold in March this year, down from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$362,500
+11.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palm River, FL
$362,500
+11.5%
United States
To compare other locations to the Palm River and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Pelican Marsh add value to a home.
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How hot is the Palm River housing market?
Palm River is somewhat competitive. Homes sell in 45 days.
0
100
49
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 45 days.
Hot homes
can sell for about 1% below list price and go pending in around 10 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Palm River housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palm River.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palm River has an extreme risk of flooding. 770 properties in Palm River are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Palm River. Flood risk is increasing slower than the national average.
50% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palm River has a moderate risk of wildfire. There are 518 properties in Palm River that have some risk of being affected by wildfire over the next 30 years. This represents 50% of all properties in Palm River.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Palm River has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palm River is most at risk from hurricanes. 1,034 properties in Palm River have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 170 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 180 mph.