Momentum Housing Data · Home Values · Hernando County

PALM GROVE COLONY Home Values: What Homes Actually Sell For

PALM GROVE COLONY (WEEKI WACHEE, FL): 8 recorded closings in the 12 months ending 2026-08-02, a 6-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 90.7% of original asking; the median sale took 65 days (window ending 2026-08-02).

The 6-year recorded price history

Over the recorded series, PALM GROVE COLONY’s median sold price moved from $140,000 (2016) to $456,000 (12 months ending 2026-08-02) — +226% over that span, with every year’s figure from recorded closings, not a model.

The last decade in PALM GROVE COLONY, briefly

The recorded series starts in 2016 at $140,000. Against the 2023 peak of $527,500, the current median stands at -14%. Annual sales volume here has ranged from 0 to 8 closings a year (10-yr average 3.1). With roughly 3.1 closings a year, PALM GROVE COLONY’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 76% single-family residence, 13% manufactured home - post 1977, 8% mobile home - pre 1976, 2% manufactured home, 2% modular home, with a median of 1,312 sq ft and a median price per square foot of $292 in the current window.

Where PALM GROVE COLONY sales actually landed, 2024–2026

Of the 14 recorded PALM GROVE COLONY closings since 2024, half landed between $280,000 and $548,000 (the middle two quartiles); the lowest recorded sale was $186,500 and the highest $695,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

The PALM GROVE COLONY housing stock, from the live feed

From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 1960 and 2022 (median 1981); 3 of the current listings state there is no HOA; 13 of 13 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 4 ft. See the current PALM GROVE COLONY listings →

At PALM GROVE COLONY’s $456,000 median and Hernando County’s adopted 18.64 mills (FY2025-26), a home assessed at that price carries roughly $8,500 a year in property tax before exemptions, or about $7,730 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Hernando County tax page.

Selling in PALM GROVE COLONY right now: what the record says

Current asking prices run a median $450,000 against the $456,000 recorded sold median (-1%) — the gap between what sellers hope and what the record shows. The market is carrying about 4 months of supply at the current sales pace. Demand check: 0% of PALM GROVE COLONY’s listings are under contract, against 21% for ZIP 34607 and 29% for Hernando County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Since 2006, 59 PALM GROVE COLONY listings were withdrawn, canceled, or expired without selling (2 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 63% of PALM GROVE COLONY listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 29%. Momentum’s market-heat index for PALM GROVE COLONY reads 51/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 38% of recorded PALM GROVE COLONY sales in the window ending 2026-06 (3 of 8) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a PALM GROVE COLONY buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How PALM GROVE COLONY compares with its neighbors

Communities buyers shopping PALM GROVE COLONY are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

Assigned public schools

Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.

More PALM GROVE COLONY: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures