Momentum Housing Data · Home Values · Pasco County

PALM TERRACE ESTATES Home Values: What Homes Actually Sell For

PALM TERRACE ESTATES (PORT RICHEY, FL): 10 recorded closings in the 12 months ending 2026-08-02, a 13-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 97.3% of original asking; the median sale took 12 days (window ending 2026-08-02).

The 13-year recorded price history

Over the recorded series, PALM TERRACE ESTATES’s median sold price moved from $50,500 (2013) to $250,000 (12 months ending 2026-08-02) — +395% over that span, with every year’s figure from recorded closings, not a model.

The last decade in PALM TERRACE ESTATES, briefly

The recorded series starts in 2013 at $50,500. The 2020–22 run-up did what it did everywhere — PALM TERRACE ESTATES’s median moved +62% from 2019 to 2022. Annual sales volume here has ranged from 0 to 21 closings a year (10-yr average 9.2). With roughly 9.2 closings a year, PALM TERRACE ESTATES’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: 100% single-family residence, 0% ?, with a median of 1,302 sq ft and a median price per square foot of $196 in the current window.

Where PALM TERRACE ESTATES sales actually landed, 2024–2026

Of the 31 recorded PALM TERRACE ESTATES closings since 2024, half landed between $200,000 and $252,975 (the middle two quartiles); the lowest recorded sale was $160,000 and the highest $317,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

What homes of your size have sold for in PALM TERRACE ESTATES

The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($223 vs $178) — the usual pattern, since lot, kitchen and baths do not scale with floor area.

What is on the market in PALM TERRACE ESTATES right now

From the live MLS feed as of 2026-09-03: 6 active listings (plus 0 pending) asking from $208,365 to $320,000, median $254,900; 0 of 6 have been on the market over 60 days (median 36 days so far); the homes listed or recently sold were built between 1968 and 1975 (median 1969); 6 of the current listings state there is no HOA; none of the 17 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 17 ft). For a seller this is the competition a buyer will tour alongside your home; for a buyer, the stale share is where negotiating room usually is. See the current PALM TERRACE ESTATES listings →

At PALM TERRACE ESTATES’s $250,000 median and Pasco County’s adopted 16.15 mills (FY2025-26), a home assessed at that price carries roughly $4,040 a year in property tax before exemptions, or about $3,390 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 Pasco County tax page.

Selling in PALM TERRACE ESTATES right now: what the record says

Current asking prices run a median $249,900 against the $250,000 recorded sold median (-0%) — the gap between what sellers hope and what the record shows. The market is carrying about 2.8 months of supply at the current sales pace. Demand check: 0% of PALM TERRACE ESTATES’s listings are under contract, against 22% for ZIP 34668 and 24% for Pasco County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Since 2004, 189 PALM TERRACE ESTATES listings were withdrawn, canceled, or expired without selling (3 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 60% of PALM TERRACE ESTATES listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 43%. Momentum’s market-heat index for PALM TERRACE ESTATES reads 57/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 17% of recorded PALM TERRACE ESTATES sales in the window ending 2026-06 (2 of 12) — 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 TERRACE ESTATES buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How PALM TERRACE ESTATES compares with its neighbors

Communities buyers shopping PALM TERRACE ESTATES 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 TERRACE ESTATES: 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 2004 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