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Peter and Julie Cummings Library Palm City FL-001Photo: Stephen B Calvert Clariosophic · CC BY-SA 3.0
Housing in Palm City

526 homes sold in Palm City in the last year, at a typical $564K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Palm City homes are listed.

Homes sold
526
June 2025 to May 2026
Typical sale price
$564K
houses $629K · condos $260K
Price per square foot
$262
Florida $250
Paid vs. asking
95.6%
6% sold over asking
For sale now
208
May 2026 · 39 sold that month
What sold · last 12 months

4% of Palm City’s sales are condos, at $368K less than a house

448 houses and 19 condos sold in the year to May 2026. Houses sell faster.

Houses$629K

typical sale · 448 sold in 12 months

Per square foot
$272FL $245
Days to sell
86
Sold over asking
6%
Listings with a price cut
27%
Condos$260K

typical sale · 19 sold in 12 months

Per square foot
$171FL $262
Days to sell
111
Sold over asking
5%
Listings with a price cut
29%
Fewer sales

Townhouses: 59 sold, typical $264K

Too few sales in 12 months for reliable figures.

14 years of sales

Fewer homes sell than a decade ago, at 1.8 times the 2016 price

526 sales in the last year, against 809 in 2015 and a low of 526 in 2025. The typical sale went from $307K in 2016 to $564K.

Homes soldTypical sale price
0212425637850$250K$400K$550K$700K2012: 581 sold, typical $219K’122013: 699 sold, typical $242K2014: 733 sold, typical $264K’142015: 809 sold, typical $266K2016: 697 sold, typical $307K’162017: 738 sold, typical $346K2018: 692 sold, typical $330K’182019: 688 sold, typical $369K2020: 808 sold, typical $385K’202021: 763 sold, typical $465K2022: 576 sold, typical $550K’222023: 532 sold, typical $544K2024: 550 sold, typical $575K’242025: 526 sold, typical $576KLast 12 months: 526 sold, typical $564KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $550K buys in Palm City

Houseat $272 a sq ft
Condoat $171 a sq ft
The same money in Floridaat $245 a sq ft

Is this asking price fair?

Check a listing against what Palm City homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

What the sales history says · 14 years of sales

Bidding wars in Palm City are back to pre-pandemic levels, with about as many homes for sale

We read every month of Palm City’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 526 sales.

If you’re buying in Palm City

  • Shop in January. It brings about 78 new listings a month, close to the busiest month, with fewer bidding wars (7% over asking).
  • You can negotiate. 27% of listings have cut their price, against 23% before the pandemic.
  • Offer under asking. Buyers paid 95.6% of the list price on average; 6% paid over.
  • You’ll usually have time. Only 20% of homes go under contract within two weeks; the typical one takes 88 days.
Best time to buy

Winter brings the homes; summer brings the bidding wars

January has the most new listings (about 78 a month), but July is the most competitive: 12% of July sales close over asking. January has the least competition (7%).

New listings a monthShare sold over asking
0204060807%13%20%Sweet spotJan: 78 new listings a month, 7% sold over asking, 71 days to sellJFeb: 78 new listings a month, 9% sold over asking, 67 days to sellFMar: 77 new listings a month, 9% sold over asking, 60 days to sellMApr: 68 new listings a month, 10% sold over asking, 62 days to sellAMay: 77 new listings a month, 10% sold over asking, 66 days to sellMJun: 67 new listings a month, 9% sold over asking, 73 days to sellJJul: 66 new listings a month, 12% sold over asking, 65 days to sellJAug: 65 new listings a month, 10% sold over asking, 65 days to sellASep: 58 new listings a month, 9% sold over asking, 67 days to sellSOct: 63 new listings a month, 9% sold over asking, 60 days to sellONov: 54 new listings a month, 10% sold over asking, 70 days to sellNDec: 48 new listings a month, 10% sold over asking, 64 days to sellD

Averages for each calendar month, 2015 on.

How competitive is it now?

Calmer than the 2021 frenzy, and about like Florida as a whole

Palm City now2017–192021 peakFL now
Sold over askingShare of sales that closed above the list price6%5%25%10%
Gone within two weeksShare of homes under contract within 14 days20%25%51%20%
Listings with a price cutShare of homes for sale that cut their price27%23%20%28%
Price paid vs. askingAverage sale price ÷ list price95.6%95.8%98.1%96.3%
Days to sellMedian days from listing to contract88753676
Supply

226 homes for sale on a typical day

That’s 2.5 times the 2021 low (90), 14% fewer than in 2017–19 and well under 2012’s 368.

2012: 368 for sale’122013: 337 for sale2014: 360 for sale2015: 300 for sale’152016: 276 for sale2017: 275 for sale2018: 256 for sale’182019: 257 for sale2020: 207 for sale2021: 90 for sale’212022: 128 for sale2023: 146 for sale2024: 209 for sale’242025: 254 for saleLast 12 months: 226 for saleNow
Room to negotiate

1 in 4 listings has cut its price

27% in the last year, against 23% in 2017–19 and 28% across Florida.

2015: 12%’152016: 29%2017: 23%2018: 22%’182019: 24%2020: 21%2021: 20%’212022: 29%2023: 30%2024: 32%’242025: 31%Last 12 months: 27%Now
Prices by type

Since 2019, houses are up 58%, condos 73%

A house typically sold for $629K in the last year (448 sales), a condo for $260K (19).

$175K$350K$525K$700K2013201520172019202120232025NowHouses 2013: $271K, 589 salesHouses 2014: $285K, 638 salesHouses 2015: $309K, 672 salesHouses 2016: $345K, 584 salesHouses 2017: $375K, 617 salesHouses 2018: $373K, 572 salesHouses 2019: $397K, 579 salesHouses 2020: $423K, 681 salesHouses 2021: $508K, 654 salesHouses 2022: $618K, 474 salesHouses 2023: $622K, 433 salesHouses 2024: $624K, 479 salesHouses 2025: $630K, 445 salesHouses last 12 months: $629K, 448 salesHouses $629KCondos 2013: $102K, 45 salesCondos 2014: $96K, 29 salesCondos 2015: $135K, 57 salesCondos 2016: $143K, 45 salesCondos 2017: $154K, 47 salesCondos 2018: $137K, 48 salesCondos 2019: $150K, 36 salesCondos 2020: $156K, 45 salesCondos 2021: $190K, 38 salesCondos 2022: $299K, 24 salesCondos 2023: $294K, 24 salesCondos 2024: $324K, 18 salesCondos 2025: $201K, 16 salesCondos last 12 months: $260K, 19 salesCondos $260K

Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.

Across Florida

Palm City ranks 396th of 534 busy Florida markets for bidding wars

Share of sales over asking in the last year, among towns with 60 or more sales. Palm City is in the middle of the pack.

Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.

Rent or buy?

Owning the typical Palm City home costs about $3,330 a month

Mortgage
Property tax
Insurance
Rent

Price: Palm City’s typical sale, last 12 months. Property tax at Palm City’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Palm City is affordable on local pay is on Cost of living.

Before you buy in Palm City

Six things worth knowing

78

New listings in January

The month with the most choice. December has the fewest, about 48.

Best time to buy
0.8%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $564K home, about $4,650 a year.

Taxes vs. neighbors
B+

Schools

The schools grade for Palm City, from test results, graduation and how much students grow.

Schools in Palm City
32 min

Typical commute

The average one-way trip to work for people who live in Palm City.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Nearby markets · last 12 months

North River Shores, Stuart and Jensen Beach sell for less a square foot; Rio and Sewall's Point for far more

The busier markets within 25 miles of Palm City, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.

SoldTypical sale$/sq ftOver askingDays to sell
Palm City526$564K$2626%88
Stuart398$304K$2244%85
Jensen Beach258$432K$2545%79
Port Salerno196$402K$27110%73
North River Shores86$304K$2229%110
Sewall's Point49$1.7M$5062%113
Rio20$720K$3740%157

Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.

Selling, or renting out?

Post your home to Palm City, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Palm City. People who follow the town see it, and so do people comparing Palm City with their own town. No commission, no listing fee.

Questions about buying a home in Palm City

What do homes sell for in Palm City, FL?

526 homes sold in the year to May 2026 at a typical $564K, $262 a square foot. Houses sold for about $629K, condos for about $260K.

Is Palm City a buyer’s or seller’s market?

A balanced market: 208 homes were for sale in May 2026 and 39 sold, about 5.3 months of supply. Buyers paid 95.6% of asking on average, and 27% of listings cut their price.

When is the best time to buy in Palm City?

January brings the most new listings. The sales history shows which months have fewer bidding wars.

How much are property taxes in Palm City?

About 0.8% of a home’s value a year. On a $564K home that’s near $4,650.

Where can I see homes for sale in Palm City?

Zillow, Redfin, Realtor.com and Homes.com all carry Palm City’s MLS listings; the search links above open each one filtered to Palm City.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).