Palermo
Homes for Sale in Jacksonville, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo courtesy of PONTE VEDRA CLUB REALTY, INC. · via realMLS
Palermo is a gated community of 129 homes in Jacksonville (Duval County), built mostly between 2006 and 2015 with a median year built of 2012 and a median living area of 3,360 square feet — larger, newer-built homes than much of the surrounding market. The median sale price is $835,000, or about $299 per square foot. With just 1 active listing against 129 total homes and 2.4 months of supply, this is a tight, low-volume market, which keeps it in seller-leaning territory (market heat score 46).
Over the last 6 closings tracked here, median time on market ran 41 days, and price is down 2.8% year over year — movement that's ordinary noise in a market this thin rather than a clear trend on its own. Since 2012, values here are up 85%, and a 90.7% homestead-exemption share points to owner-occupied homes carrying most of the market rather than investor or rental turnover.
Figures in this note are as of July 14, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Palermo right now
🟡 Balanced market. 3.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of realMLS records, as of October 23, 2026. Confidence: Low (1 active and pending listings, 4 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($768K) is down 12.8% from the prior 12 months ($880K) and up 76% since 2012. With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level realMLS closed sales, 12-month windows ending October 23. Confidence: Low (4 and 9 sales in the two windows).
What's unique here: the median sale price is about 2x the typical Duval County sale ($768K vs $311K, trailing 12 months, realMLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 23, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Palermo market snapshot (as of October 23, 2026): the median sale price is about $768K ($287 per sq ft over the trailing 12 months of closed sales), a median 35 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is down 13% from the prior 12 months and up 76% since 2012, computed from record-level realMLS closed sales (4 closings in the current window).
Palermo is a community of 129 homes in Jacksonville, Duval County, built between 2006 and 2015 (median 2012), with a median living area of about 3,360 square feet. 91% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Palermo pairs newer construction (built mostly 2006 to 2015) with a larger average footprint than much of the surrounding market, which does more to explain its price point than any single year's movement.
The setting & the homes.
Aerial and on-site photos of Palermo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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PalermoPhotos from realMLS listings in Palermo; content deemed reliable but not guaranteed.
Who Palermo is best for.
Best for
- Buyers targeting a larger home (median living area of 3,360 square feet) in a gated, amenity-rich setting
- Buyers comfortable moving fast in a low-inventory, seller-leaning market
- Buyers who prefer newer construction (median year built 2012) over older Jacksonville stock
Probably not for
- Buyers who want several active listings to compare before choosing — there is currently just 1
- Buyers with a firm ceiling below the community's $835,000 median and no flexibility
- Buyers who prioritize a fast-turnover, high-volume market over a low-volume, seller-leaning one
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending October 23 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($768K) IS the median in the snapshot above, and the move from 2025 ($880K) IS the -12.8% one-year change.
Windows contain 2 to 28 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
39% of homes for sale in ZIP 32224 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-20).
Palermo Market Scorecard
Palermo is currently a balanced market. About 3.0 months of supply, a median asking price of $1,199,900, and homes go under contract in about 25 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Palermo, Jacksonville
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Palermo
Live MLS inventory for Palermo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Palermo listings as of 2026-10-21, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.
Palermo on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from realMLS. Map data © OpenStreetMap contributors.
Life at Palermo
- Fitness Center · reported on 6 of 6 listings
- Pool · reported on 6 of 6 listings
- Gated · reported on 5 of 6 listings
- Security Gate · reported on 5 of 6 listings
- Barbecue · reported on 3 of 6 listings
- Clubhouse · reported on 2 of 6 listings
- Maintenance Grounds · reported on 1 of 6 listings
- Key Card Entry · reported on 1 of 6 listings
- Entry Phone/Intercom · reported on 1 of 6 listings
- Security Lights · reported on 1 of 6 listings
Community amenities as reported across realMLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
Schools
- Duval County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Atlantic Coast High School (Duval County Public Schools); verify by address · High
- Kernan Middle School (verify by address)FLDOE grade B · Middle
- Chets Creek Elementary School (verify by address) · Elementary
Grades are official Florida Department of Education school grades for 2025-26. Assignments are reported as of the 2025-26 year and can change; always confirm with Duval County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Palermo address.
The Palermo buying strategy.
If we were buying in Palermo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palermo.
Scale and Scarcity
With only 1 active listing across 129 homes, Palermo trades in a tight, low-volume band; 2.4 months of supply keeps this market classified as seller-leaning even alongside a modest year-over-year pullback in price. At a median of 41 days on market across the last 6 closings tracked, homes here aren't sitting long, but the pool of sales at any given time is small enough that a single closing can move the median in either direction.
The gated community includes a clubhouse, fitness center, pool, and barbecue area, along with key-card entry, an entry phone/intercom, a security gate, and security lights, per amenities reported across this community's MLS listings; grounds maintenance is included. Buyers and their agents should confirm current amenities and access with the HOA, since MLS-reported features can lag changes at the community level.
The location and the amenities are priced into every listing in Palermo. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Palermo buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (6.1). Basis: Long-Term Appreciation +76% since 2012; Recent Direction -12.8% year-over-year; Liquidity & Demand 3.0 months of supply; Owner Commitment 91% owner-occupied; Pricing Power 93.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin — one active listing against 129 homes — pricing a Palermo home correctly, or acting quickly and correctly as a buyer, depends on knowing the recent comparable closings behind the $835,000 median and the $299-per-square-foot figure, not just the headline numbers. Momentum tracks that comp history along with the HOA and amenity details buyers ask about first.
Palermo in 15 seconds.
Tools for a Palermo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palermo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palermo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palermo home worth?
Get a no-obligation home value based on real comparable sales in Palermo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Palermo on the map →
Recent Developments in Palermo
Development, infrastructure, retail, and school activity affecting Palermo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Market
St. Johns County denies 4,462-acre Palm Valley farmland housing application under new state enclave law
Commissioners denied 3-2 on Sept. 15 the 4,462-acre Palm Valley application near Nocatee under the state agricultural enclave law, and the county plans to fight it in court. Another proposal of nearly 1,200 acres and about 15,000 homes south of St. Augustine was approved in August, then denied 3-2 on Sept. 28. St. Johns County has received 16 applications under the law.
What it may mean for the marketThe outcome of these applications will shape how much new housing supply can be added on rural land in the county. The site is about 8 miles southeast of Palermo.
Source: Jacksonville Today - October 2026Schools
Loretto Elementary breaks ground on $12.3 million classroom addition
The addition will replace 13 portable classrooms and two aging pod buildings with 15 classrooms, a music room and a teacher planning room, and will expand the parent drop-off loop. The school enrolls 875 students for 2026-27. Funding comes from the voter-approved half-cent sales tax, with opening expected in 2028.
What it may mean for the marketExpanded permanent capacity and a longer drop-off loop affect school-area traffic and classroom availability in the Mandarin area. The project is about 11 miles west of Palermo, elsewhere in Duval County.
Source: Hoodline - September 2026Infrastructure
JEA advances about $690 million in infrastructure projects including Fulton Cut transmission line raise near JAXPORT
JEA is moving forward with three water reclamation projects (Blacks Ford in northwest St. Johns County, over $220 million; near Jacksonville International Airport, about $193 million; East Arlington, just under $165 million) and the $117 million Fulton Cut transmission line clearance over the St. Johns River near Blount Island. Fulton Cut, shared with JAXPORT and the city, is expected to finish in summer 2027 and all four projects by 2030.
What it may mean for the marketRaised power lines support larger ship access to port terminals, and new reclamation capacity supports growth in surrounding areas. The site is about 9 miles north of Palermo.
Source: News4JAX - July 2026Development
Culinary Institute of America selects Jacksonville for Southeast campus
News4Jax reported that the Culinary Institute of America chose downtown Jacksonville for its Southeast hub, to be located at 330 E. Bay Street on the Northbank riverfront. The campus would anchor a $160.5 million hotel and convention center development. The city previously approved up to $35 million in incentives, and the Downtown Investment Authority is finalizing agreements on design and property details.
What it may mean for the marketAnchors a major downtown riverfront redevelopment that pairs an educational campus with hotel and convention space, adding institutional and commercial investment to the urban core alongside Riverfront Plaza and Pearl Square. The project is about 12 miles west of Palermo, elsewhere in Duval County.
Source: News4Jax - April 2026Development
Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs
Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.
What it may mean for the marketA large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The site is about 9 miles north of Palermo.
Source: JAXPORT - February 2026Infrastructure
JAXPORT details $250M Blount Island modernization and record cargo in 2026 State of the Ports
At its February 2026 State of the Ports address, JAXPORT outlined a $250 million modernization of Blount Island's container and vehicle-handling capabilities and reported record fiscal-2025 cargo volumes. The port also said an air-draft expansion to accommodate larger ships is on track to finish by the end of 2026.
What it may mean for the marketContinued heavy investment in the Blount Island port complex anchors long-term industrial employment on the northeast side, a structural demand driver for the surrounding area. The site is about 9 miles north of Palermo.
Source: News4Jax
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Palermo?
How long do homes in Palermo take to sell?
Is Palermo a buyer's or seller's market right now?
How many homes are in Palermo?
What share of Palermo is owner-occupied?
When were the homes in Palermo built?
Have Palermo home prices gone up?
What schools serve Palermo?
Who is the best real estate agent for Palermo?
How do I find a top Jacksonville real estate agent who knows Palermo?
Can Momentum Realty connect me with an agent for Palermo?
Should you buy in Palermo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Palermo with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: October 21, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending October 23, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32224)) |
| Under-contract shares | realMLS records, as of 2026-10-20 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2007 (205 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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