32131 (East Palatka)
Housing Market & Home Values
Median sale price $245,000, down 29.3% year over year, with homes going under contract in about 191 days.
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Housing Market Analyst
Prices are down 29.3% versus the prior year, but sellers are still collecting 88.9% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Mortgage sensitivity — at 4.6× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 32131 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on 32131 (East Palatka)
The median sale price across 32131 currently stands at $245,000, down 29.3% from a year ago. Buyers are paying a median of $145 per square foot. The typical home goes under contract in about 191 days. Sellers are capturing 88.9% of their original asking price on average.
9 homes closed here over the trailing 12 months.
Zillow's home value index for Putnam County stands at $216,313. About 26% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 32131 is 15 of 100 — soft market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of November 2, 2026.
32131 since 2017 — and where it’s heading
A median home here sold for $129,532 in 2017 and $236,187 over the last recorded year — 82% appreciation across 9 years of recorded sales.
Median sale price · 2017–2026 (107 recorded sales)
Home value trend · Putnam County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Putnam County (MLS)
Median price · daily recalculation
What’s driving 32131
Movers arriving report ~$55,107 average income. Source: IRS SOI county-to-county migration, 2022-2023
1,095 Citizens personal-lines policies in Putnam County; average premium $1,595 before the 2026 change, $1,481 after (-7.2%). Citizens is the state-backed insurer of last resort; budget insurance into any Putnam purchase. Source: Citizens Property Insurance Corporation, 2026 Approved Rate Changes by County (ALL PERSONAL LINES COMBINED table).
91 single-family · 36 multi-family · 1.7 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Putnam
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 32131 ← this page | $245K | — | 15 | |
| 31024 | $393K | 73 | 43 | Open → |
| 32666 | $375K | 30 | 57 | Open → |
| 32189 | $185K | 15 | 32 | Open → |
| 32177 | $249K | 14 | 49 | Open → |
| 32640 | $259K | 5 | 39 | Open → |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32131 right now?
The data says conditions currently favor buyers in 32131 — the Momentum Score reads 15/100. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 32131 becoming more affordable?
Yes, modestly — the median sale price in 32131 is $245,000, down 29.3% versus the prior year, while sellers still capture 88.9% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Momentum Realty in East Palatka 32131: our agents closed 5 homes here for buyers and sellers in the last 12 months (3 representing the buyer, 2 on both sides), median sale $234,900 (brokerage closed records through November 2026). Find a Momentum agent near East Palatka →
32131 (East Palatka) housing market FAQ
Is it a good time to sell a house in 32131?
By the numbers, sellers in 32131 are getting 88.9% of asking price and going under contract in about 191 days. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 32131 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 32131 median sale prices are down 29.3% year over year. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 32131?
The median sale price in 32131 is currently $245,000, down 29.3% from a year ago, based on MLS sales data updated November 2, 2026.
Is 32131 a buyer's or seller's market right now?
The data currently favors buyers. 32131 scores 15 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in 32131?
The typical home in 32131 goes under contract in about 191 days, per current MLS data.
Are home prices in 32131 rising or falling?
Median sale prices are down 29.3% year over year based on a rolling comparison of MLS sales.
How many homes has Momentum Realty sold in East Palatka 32131?
Momentum Realty's agents closed 5 homes in East Palatka 32131 for buyers and sellers in the last 12 months (3 representing the buyer, 2 on both sides), median sale $234,900 (brokerage closed records through November 2026). The count is our brokerage's own closed transactions and is refreshed nightly; it is not a market total.
Momentum agents use this intelligence every day to price listings and write winning offers across 32131 (East Palatka). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use the MLS listing counts from the last data refresh (date below); the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: November 2, 2026 at 10:48 AM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.