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Palmetto, FL Real Estate & Property Data

Palmetto Real Estate Market Trends

Last Updated: April 27, 2024

To gain insights into Palmetto, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Palmetto real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 1,175 residential properties have been sold in Palmetto, FL over the past year, with a median home price of $405,000. Additionally, 39.41% of homes in Palmetto are equity rich, while 0.5% of homes are seriously underwater. There have been 19 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Palmetto, Florida, you can rely on ATTOM, your go-to source for Palmetto property reports and real estate data.

Palmetto Real Estate Market Trends

Get property data for any address in Palmetto, FL or the country:

Total Residential Properties 20,315

Total Commercial Properties 338

Avg. Home Age (Single Family Home) 27 Years

Avg. Square Feet (Single Family Home) 1,803

Total 2024 Residential Sales (year-to-date) 151

% of Homes Seriously Underwater (Q2 2024) 0.5%

Total 2023 Residential Sales 1,145

% of Equity Rich Homes (Q2 2024) 39.41%

Effective 2023 Property Tax 0.87%

Total Foreclosure Filings (year-to-date) 24

Palmetto, FL Real Estate Overview

Palmetto, FL saw 1,175 residential properties being sold in the past year, with a median home value of $419,870. The city of Palmetto has a total of 20,315 residential properties, spread across 580 streets and 1 zip codes.

Median Sales Price i

$405,000

(Feb 2024)

+8.3%

year-over-year

y-o-y

February '24 Feb '24 $405,000
January '24 Jan '24 $400,000
December '23 Dec '23 $373,500
November '23 Nov '23 $450,000
October '23 Oct '23 $372,500
September '23 Sep '23 $385,000
August '23 Aug '23 $397,500
July '23 Jul '23 $394,500
June '23 Jun '23 $390,000
May '23 May '23 $417,600
April '23 Apr '23 $378,450
March '23 Mar '23 $405,000

Median Down Payment i

$24,321

(Feb 2024)

-17.6%

year-over-year

y-o-y

February '24 Feb '24 $24,321
January '24 Jan '24 $52,376
December '23 Dec '23 $73,000
November '23 Nov '23 $70,500
October '23 Oct '23 $55,250
September '23 Sep '23 $52,990
August '23 Aug '23 $87,000
July '23 Jul '23 $34,008
June '23 Jun '23 $72,000
May '23 May '23 $65,850
April '23 Apr '23 $36,500
March '23 Mar '23 $51,000

Number of Homes Sold i

78

(Feb 2024)

-1.3%

year-over-year

y-o-y

February '24 Feb '24 78
January '24 Jan '24 73
December '23 Dec '23 102
November '23 Nov '23 109
October '23 Oct '23 88
September '23 Sep '23 80
August '23 Aug '23 77
July '23 Jul '23 70
June '23 Jun '23 114
May '23 May '23 114
April '23 Apr '23 79
March '23 Mar '23 112

Number of Purchase Loans i

74

(Feb 2024)

+54.2%

year-over-year

y-o-y

February '24 Feb '24 74
January '24 Jan '24 80
December '23 Dec '23 100
November '23 Nov '23 111
October '23 Oct '23 48
September '23 Sep '23 41
August '23 Aug '23 40
July '23 Jul '23 46
June '23 Jun '23 62
May '23 May '23 58
April '23 Apr '23 37
March '23 Mar '23 55

Number of REFI Loans i

41

(Feb 2024)

+46.4%

year-over-year

y-o-y

February '24 Feb '24 41
January '24 Jan '24 13
December '23 Dec '23 27
November '23 Nov '23 30
October '23 Oct '23 31
September '23 Sep '23 31
August '23 Aug '23 47
July '23 Jul '23 36
June '23 Jun '23 43
May '23 May '23 38
April '23 Apr '23 26
March '23 Mar '23 38

Number of HELOC Loans i

10

(Feb 2024)

-65.5%

year-over-year

y-o-y

February '24 Feb '24 10
January '24 Jan '24 12
December '23 Dec '23 15
November '23 Nov '23 15
October '23 Oct '23 23
September '23 Sep '23 19
August '23 Aug '23 19
July '23 Jul '23 15
June '23 Jun '23 17
May '23 May '23 20
April '23 Apr '23 17
March '23 Mar '23 17

Palmetto, FL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

34221
$419,870 $232.84/sqft

Palmetto, FL Foreclosure Activity

There were a total of 19 Palmetto, FL properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

19

(Feb 2024)

+111.1%

year-over-year

y-o-y

February '24 Feb '24 19
January '24 Jan '24 5
December '23 Dec '23 8
November '23 Nov '23 5
October '23 Oct '23 4
September '23 Sep '23 24
August '23 Aug '23 6
July '23 Jul '23 10
June '23 Jun '23 7
May '23 May '23 13
April '23 Apr '23 6
March '23 Mar '23 11

Foreclosure Starts i

17

(Feb 2024)

+88.9%

year-over-year

y-o-y

February '24 Feb '24 17
January '24 Jan '24 2
December '23 Dec '23 8
November '23 Nov '23 4
October '23 Oct '23 3
September '23 Sep '23 20
August '23 Aug '23 5
July '23 Jul '23 8
June '23 Jun '23 6
May '23 May '23 11
April '23 Apr '23 5
March '23 Mar '23 8

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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