Momentum Housing Data · Home Values · Pasco County
PALM TERRACE GARDENS (PORT RICHEY, FL): 47 recorded closings in the 12 months ending 2026-08-02, a 12-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 96.5% of original asking; the median sale took 25 days (window ending 2026-08-02).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $235,000 | $177 | 25 | 96.5% | 47 |
| 2025 | $242,500 | $178 | 17 | 97.8% | 47 |
| 2024 | $242,000 | $186 | 14 | 95.9% | 40 |
| 2023 | $240,000 | $180 | 11 | 100.0% | 13 |
| 2022 | $224,000 | $167 | 5 | 100.6% | 33 |
| 2021 | $205,000 | $167 | 7 | 102.5% | 4 |
| 2019 | $133,000 | $94 | 56 | 95.0% | 15 |
| 2018 | $114,750 | $80 | 48 | 91.6% | 18 |
| 2017 | $92,000 | $69 | 21 | 100.0% | 39 |
| 2016 | $60,000 | $51 | 26 | 98.7% | 38 |
| 2015 | $53,225 | $38 | 26 | 96.0% | 25 |
| 2014 | $44,950 | $37 | 43 | 96.0% | 12 |
Over the recorded series, PALM TERRACE GARDENS’s median sold price moved from $44,950 (2014) to $235,000 (12 months ending 2026-08-02) — +423% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2014 at $44,950. The 2020–22 run-up did what it did everywhere — PALM TERRACE GARDENS’s median moved +68% from 2019 to 2022. Against the 2025 peak of $242,500, the current median stands at -3%. Annual sales volume here has ranged from 0 to 47 closings a year (10-yr average 25.6).
What actually trades here: 100% single-family residence, with a median of 1,310 sq ft and a median price per square foot of $177 in the current window.
Of the 124 recorded PALM TERRACE GARDENS closings since 2024, half landed between $209,750 and $265,000 (the middle two quartiles); the lowest recorded sale was $66,000 and the highest $350,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $175,000 | 10 (8%) | |
| $175,000 – $216,667 | 30 (24%) | |
| $216,667 – $258,333 | 45 (36%) | |
| $258,333 – $300,000 | 26 (21%) | |
| None and up | 13 (10%) |
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 ($196 vs $173) — the usual pattern, since lot, kitchen and baths do not scale with floor area.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 792–1,267 sq ft | $196 | $219,900 | $130,000 – $325,000 | 41 |
| Mid-size homes 1,267–1,428 sq ft | $177 | $240,000 | $66,000 – $325,000 | 41 |
| Larger homes 1,442–1,997 sq ft | $173 | $259,000 | $140,000 – $350,000 | 42 |
From the live MLS feed as of 2026-09-03: 8 active listings (plus 2 pending) asking from $209,000 to $345,000, median $256,050; 4 of 8 have been on the market over 60 days (median 56 days so far); the homes listed or recently sold were built between 1972 and 1980 (median 1975); 10 of the current listings state there is no HOA; none of the 22 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 19 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 GARDENS listings →
At PALM TERRACE GARDENS’s $235,000 median and Pasco County’s adopted 16.15 mills (FY2025-26), a home assessed at that price carries roughly $3,800 a year in property tax before exemptions, or about $3,150 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.
Current asking prices run a median $256,050 against the $235,000 recorded sold median (+9%) — the gap between what sellers hope and what the record shows. The market is carrying about 1.9 months of supply at the current sales pace. Demand check: 12% of PALM TERRACE GARDENS’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, 493 PALM TERRACE GARDENS listings were withdrawn, canceled, or expired without selling (12 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 59% of PALM TERRACE GARDENS listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 28%. Momentum’s market-heat index for PALM TERRACE GARDENS reads 37/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 12% of recorded PALM TERRACE GARDENS sales in the window ending 2026-06 (6 of 49) — a fact worth knowing before assuming every buyer needs an appraisal to close. With asking prices running +9% over the recorded sold median, a PALM TERRACE GARDENS listing priced against the closed record above stands out against its competition; one priced against the asking crowd joins the statewide list of homes that never sold.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping PALM TERRACE GARDENS 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| HOLIDAY HILL ESTATES | $225,000 | $184 | 44 | 11 |
| EXECUTIVE WOODS | $215,000 | $157 | 11 | 4 |
| GULF HIGHLANDS | $222,500 | $188 | 24 | 37 |
| PALM TERRACE ESTATES | $250,000 | $196 | 12 | 10 |
More PALM TERRACE GARDENS: 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.