34685 (Palm Harbor)
Housing Market
Median sale price $460,000, down 4.6% year over year, with homes going under contract in about 62 days, 13 homes on the market.
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Housing Market Analyst
Inventory sits at 3.5 months of supply — balanced by the 3-to-6-month balanced benchmark, and 31% of listed homes are already under contract. Prices are down 4.6% versus the prior year, but sellers are still collecting 94.0% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
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 neither side decisively.
- Prices — more likely to stabilize than fall sharply. Supply remains below balanced levels even as prices soften; without a meaningful inventory build, further declines tend to be shallow.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 31% of inventory sits under contract.
- Mortgage sensitivity — at 5.3× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 34685 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where 34685 is hot — and where it isn't
Each dot is a community (34 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 34685 (Palm Harbor)
The median sale price across 34685 currently stands at $460,000, down 4.6% from a year ago. Buyers are paying a median of $238 per square foot. The typical home goes under contract in about 62 days. Sellers are capturing 94.0% of their original asking price on average.
There are 13 active listings on the market, with 1 more already under contract. At the current sales pace that works out to 3.5 months of supply — a seller-leaning market by the standard six-month benchmark. 48 homes closed here over the trailing 12 months.
Zillow's home value index for Pinellas County stands at $371,631. About 30% 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 34685 is 55 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
34685 since 2013 — and where it’s heading
A median home here sold for $148,526 in 2013 and $511,373 over the last recorded year — 244% appreciation across 13 years of recorded sales. Cash buyers took 43% of recent sales, down from a 43% peak.
Median sale price · 2013–2026 (1,867 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Pinellas County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Pinellas County (MLS)
What’s driving 34685
Top inbound states: NY, CA, NJ, PA. Movers arriving report ~$95,596 average income. Source: IRS SOI county-to-county migration, 2022-2023
20,791 Citizens policies in force in Pinellas County — the state-backed insurer of last resort. Budget insurance into any Pinellas purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
1,376 single-family · 2,822 multi-family · 4.4 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
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Pinellas
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 34685 ← this page | $460K | 13 | 55 | |
| 33703 | $415K | 97 | 52 | Open → |
| 33707 | $338K | 94 | 47 | Open → |
| 33702 | $319K | 89 | 42 | Open → |
| 33767 | $737K | 61 | 31 | Open → |
| 33770 | $353K | 58 | 48 | Open → |
Neighborhoods on the move
| SALEM SQUAREPalm Harbor | $386K | ▲ -2% |
| MYRTLE POINT PH 1Palm Harbor | $982K | ▲ -21% |
| QUAIL LAKEVenice | $412K | ▲ -23% |
| QUAIL LAKEVenice | $412K | ▼ 23% |
| MYRTLE POINT PH 1Palm Harbor | $982K | ▼ 21% |
| SALEM SQUAREPalm Harbor | $386K | ▼ 2% |
| SALEM SQUAREPalm Harbor | $386K | 5 |
| AYLESFORD PH 2Palm Harbor | $810K | 2 |
| JUNIPER BAY PH 2Palm Harbor | $1.04M | 2 |
| WATERFORD AT PALM HARBOR LUXURY CONDOPalm Harbor | $255K | 2 |
| GLENRIDGE PH 01Lakeland | $346K | 1 |
| MYRTLE POINT PH 1Palm Harbor | $982K | 64 days |
| QUAIL LAKEVenice | $412K | 94 days |
| SALEM SQUAREPalm Harbor | $386K | 98 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 34685 right now?
The data says conditions currently favor neither side decisively in 34685 — the Momentum Score reads 55/100 with 3.5 months of supply. 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 34685 becoming more affordable?
Yes, modestly — the median sale price in 34685 is $460,000, down 4.6% versus the prior year, while sellers still capture 94.0% 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.
Where are prices falling fastest in 34685?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are QUAIL LAKE (-23%); MYRTLE POINT PH 1 (-21%); SALEM SQUARE (-2%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 34685 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are MYRTLE POINT PH 1 (64 days); QUAIL LAKE (94 days); SALEM SQUARE (98 days) — homes there go under contract well ahead of the market-wide pace of 62 days.
34685 (Palm Harbor) housing market FAQ
What is the median home price in 34685?
The median sale price in 34685 is currently $460,000, down 4.6% from a year ago, based on MLS sales data updated August 6, 2026.
Is 34685 a buyer's or seller's market right now?
The data currently is roughly balanced. 34685 scores 55 of 100 on the Momentum Score, with 3.5 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 34685?
The typical home in 34685 goes under contract in about 62 days, per current MLS data.
How many homes are for sale in 34685?
There are approximately 13 active listings in 34685 as of August 6, 2026.
Are home prices in 34685 rising or falling?
Median sale prices are down 4.6% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 34685 (Palm Harbor). 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 live listing counts refreshed twice daily; 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: August 6, 2026 at 7:18 PM 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.