The Palm Terrace Estates housing market is very competitive. The median sale price of a home in Palm Terrace Estates was $235K last month, down 6.1% since last year. The median sale price per square foot in Palm Terrace Estates is $177, down 12.8% since last year.
What is the housing market like in Palm Terrace Estates today?
In March 2024, Palm Terrace Estates home prices were down 6.1% compared to last year, selling for a median price of $235K. On average, homes in Palm Terrace Estates sell after 11 days on the market compared to 18 days last year. There were 4 homes sold in March this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$234,800
-6.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palm Terrace Estates, FL
$234,800
-6.1%
United States
To compare other locations to the Palm Terrace Estates 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 Estates housing market?
Palm Terrace Estates is very competitive. Homes sell in 11 days.
0
100
70
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 11 days.
Hot homes
can sell for about 3% above list price and go pending in around 3 days.
Learn about schools in the Palm Terrace Estates 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 Estates housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palm Terrace Estates.
Risk Factor
Flood Factor - Moderate
72% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palm Terrace Estates has a moderate risk of flooding. 37 properties in Palm Terrace Estates are likely to be
severely affected
by flooding over the next 30 years. This represents 72% of all properties in Palm Terrace Estates. 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 Estates has a severe risk of wildfire. There are 288 properties in Palm Terrace Estates that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Palm Terrace Estates.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Palm Terrace Estates has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palm Terrace Estates is most at risk from hurricanes. 288 properties in Palm Terrace Estates 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 Estates has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Palm Terrace Estates have an Extreme Heat Factor®.
Palm Terrace Estates is expected to see a 271% increase in the number of days over 109ºF over the next 30 years. Palm Terrace Estates is expected to experience 7