Real Estate Market Update for Palatka, FL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 16% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 77%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 110-thousand dollars. The number of units sold decreased 28% year-over-year, and decreased 13% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Palatka, FL
Area Information for Palatka, FL
  • Population: 10,344
  • Median Age: 35.51 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,072/sq mi
  • Population Change Since 2000: 1.94%
  • Closest Airport: Northeast Florida Regional
  • Closest College: Saint Johns River Community College
  • Closest Jr. College: Sanford Brown Institute-jacksonville
  • Median Household Income: $24,862
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $128,500
  • Closest Major Sports Team: Jacksonville Jaguars
  • Change Avg. Household Income Since 2000: 27.77%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Palatka, FL
Median Age: 35.51 Married: 27% Number of Households: 3,924 Households with Children: 883
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Palatka, FL

      School Name Distance Type Grades School Rating Parent Rating
      James A. Long Elementary School 1.9 mi Public PRESCHOOL-5 2 0
      Robert H. Jenkins, Junior Middle School 2.4 mi Public 7-8 0 0
      First Assembly Of God - River Christian Academy 3.1 mi Private PRESCHOOL-6 0 0
      Putnam Academy Of Arts And Sciences 3.4 mi Public 6-8 3 0
      Putnam Edge High School 3.5 mi Public 9-12 0 0
      Putnam Virtual Franchise 3.5 mi Public 6-12 0 0
      Putnam Virtual Instruction Program 3.5 mi Public 6-12 0 0
      Palatka High School 3.6 mi Public 9-12 1 0
      Mellon Elementary School 3.6 mi Public PRESCHOOL-5 0 0
      Hillcrest Academy 3.6 mi Private K-12 0 0
      C. L. Overturf Jr 6th Grade Center 3.7 mi Public 6-6 0 0
      William D. Moseley Elementary School 3.9 mi Public PRESCHOOL-5 0 0
      Eleanor H. Miller School 5.0 mi Public PRESCHOOL-12 0 0
      Kelley Smith Elementary School 5.1 mi Public PRESCHOOL-5 1 0
      Peniel Baptist Academy 6.0 mi Private PRESCHOOL-12 0 0
      St. Johns Christian School 6.9 mi Private K-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Palatka, FL
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.