The Palm Terrace Gardens housing market is very competitive. The median sale price of a home in Palm Terrace Gardens was $234K last month, down 13.1% since last year. The median sale price per square foot in Palm Terrace Gardens is $181, up 13.8% since last year.
What is the housing market like in Palm Terrace Gardens today?
In October 2024, Palm Terrace Gardens home prices were down 13.1% compared to last year, selling for a median price of $234K. On average, homes in Palm Terrace Gardens sell after 23 days on the market compared to 7 days last year. There were 14 homes sold in October this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$234,250
-13.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Palm Terrace Gardens, FL
$234,250
-13.1%
United States
To compare other locations to the Palm Terrace Gardens and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Bayonet Point add value to a home.
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How hot is the Palm Terrace Gardens housing market?
Palm Terrace Gardens is very competitive. Homes sell in 17 days.
0
100
74
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 17 days.
Hot homes
can sell for about 1% above list price and go pending in around 6 days.
Learn about schools in the Palm Terrace Gardens area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Terrace Gardens housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palm Terrace Gardens.
Flood Factor - Minor
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palm Terrace Gardens has a minor risk of flooding. 98 properties in Palm Terrace Gardens are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in Palm Terrace Gardens. Flood risk is increasing faster than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palm Terrace Gardens has a major risk of wildfire. There are 860 properties in Palm Terrace Gardens that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Palm Terrace Gardens.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Palm Terrace Gardens has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palm Terrace Gardens is most at risk from hurricanes. 860 properties in Palm Terrace Gardens 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 169 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 173 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Palm Terrace Gardens has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Palm Terrace Gardens have an Extreme Heat Factor®.
Palm Terrace Gardens is expected to see a 200% increase in the number of days over 113ºF over the next 30 years. Palm Terrace Gardens is expected to experience 2