Is Palm City, FL 34990 a buyer’s or seller’s market?
Palm City is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 9% of U.S. ZIP codes, and #500 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Palm City housing market right now
In the three months ending August 31, 2026, 7% of homes in Palm City, FL 34990 sold above their list price, the typical home went under contract in 72 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 209 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (80 days then) and the median sale price rose 4% to $672,609. Overall, Palm City is about as competitive as it was a year ago.
Within Martin County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Palm City ranks #500 of 796 FL ZIP codes with enough sales (score 16 out of 100).
Nearby, buyers who want less competition could look at Jupiter 33469 (2% sold over asking) or Jensen Beach 34957 (2% sold over asking), while Indiantown 34956 (33% sold over asking) is even more competitive.
Run the numbers for 34990
Nearby markets
Canal Point 33438 — /sq ftHobe Sound 33455Seller’s market $310 /sq ftIndiantown 34956Seller’s market $225 /sq ftJensen Beach 34957Balanced $330 /sq ft Browse all markets →Towns like Palm City nearby
Find towns like Palm City in other states →Where Palm City is
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Questions about Palm City real estate
Is Palm City a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Palm City, FL 34990 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Palm City?
The typical home went under contract in 72 days in the latest three months.
Do homes in Palm City sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Palm City?
About 0.77% of a home’s value a year in Martin County, or roughly $3,080 on a $400,000 home.
What is the median home price in Palm City?
The median sale price was $672,609 in the three months ending August 31, 2026, about $283 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology