Palatka, FL housing market

The median sale price in the Palatka, FL metro area was $265K in May 2026, up 10.4% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $251K, easing from $256K across the three months before that. That puts prices 3.8% below the strongest three-month stretch on record here, which ended in Dec 2025 at $261K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $219K for Jun 2026, up 1.0% year over year.

Buyers had 306 homes to choose from in May 2026, down 11.3% year over year (Redfin). At the current sales pace that standing inventory works out to 7.8 months of supply; convention treats four to six months as a balanced market, which puts Palatka, FL on the buyers' side of it. 81 homes came to market in May 2026, down 10.0% year over year, against 39 closings, down 44.3% year over year. Homes that sold in May 2026 took a median of 97 days to go under contract, in line with this market's usual May pace.

Sellers were asking a median of $332K in Jul 2026, up 10.7% year over year (Realtor.com via FRED). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 31.9% above the closing median. Competition is measurable in the closings themselves: 21% settled above asking, and the average sale landed at 95% of its final list price. 26% of listings carried a price cut in May 2026.

This page tracks 17 monthly housing series for the Palatka, FL metro area — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com via FRED, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.