PALM TERRACE GARDENS
Homes for Sale in PORT RICHEY, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Palm Terrace Gardens is a small, tightly held pocket in Port Richey - 478 homes total, with only 7 active listings at the moment. That kind of scarcity, combined with 1.6 months of supply, is what defines the current posture here: a seller-leaning market where available inventory does not sit long once it is priced to condition.
With a median year built of 1976 and a build range stretching back to 1945, age and upkeep are the real variables buyers should weigh, not location or amenities. Homestead exemptions cover about half the homes, suggesting a meaningful share of long-held, owner-occupied properties rather than a fast-churning rental block.
PALM TERRACE GARDENS right now
🟡 Balanced market. 1.9 months of supply and 20% 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 Stellar MLS records, as of August 2, 2026. Confidence: Very High (10 active and pending listings, 47 closed sales in 12 months).
🟡 Off the recent peak. The trailing-12-month median ($235K) is down 3.1% from the prior 12 months ($242K). With about 26 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 Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Very High (47 and 47 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
PALM TERRACE GARDENS market snapshot (as of August 2, 2026): the median sale price is about $235K ($177 per sq ft over the trailing 12 months of closed sales), a median 25 days on market for closed sales, and 1.9 months of supply, a balanced market. The trailing-12-month median is down 3% from the prior 12 months, computed from record-level Stellar MLS closed sales (47 closings in the current window).
PALM TERRACE GARDENS is a community of 478 homes in PORT RICHEY, Pasco County, built between 1945 and 1985 (median 1976), with a median living area of about 1,548 square feet. 50% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Palm Terrace Gardens is a modest, established Port Richey neighborhood of mid-20th-century homes averaging around 1,548 square feet, where limited turnover and thin current inventory keep the market tight.
The setting & the homes.
Aerial and on-site photos of PALM TERRACE GARDENS. Swipe to explore the community.
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PALM TERRACE GARDENSWho PALM TERRACE GARDENS is best for.
Best for
- Buyers targeting an established, mid-century home in Port Richey and willing to budget for age-related updates.
- Buyers who want a smaller, quieter housing stock rather than a high-turnover subdivision.
- Buyers comfortable moving quickly in a market with only a handful of active listings at a time.
Probably not for
- Buyers who want newer construction built after the mid-1980s.
- Buyers who expect community amenities like a clubhouse or pool, since none are identified in current listings.
- Buyers who want a wide pool of active inventory to compare before deciding.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($235K) IS the median in the snapshot above, and the move from 2025 ($242K) IS the -3.1% one-year change.
Windows contain 0 to 47 sales each (47 in the current window); every figure carries its sample size. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Deemed reliable but not guaranteed.
Palm Terrace Gardens Market Scorecard
Palm Terrace Gardens is currently a strong seller's market. About 1.1 months of supply, a median asking price of $255,550, and homes go under contract in about 14 days.
Typical home value in the 34668 ZIP is $229,912, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in PALM TERRACE GARDENS, PORT RICHEY
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. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in PALM TERRACE GARDENS
Live MLS inventory for PALM TERRACE GARDENS. 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 · 25 daysTop listing
Active · 48 days
Active · 69 days
Active · 29 days
Active · 6 days
Active · 102 days
Active · 38 days
Active · 76 days
Pending · 2 days
Pending · 1 days
Pending · 3 daysActive and pending PALM TERRACE GARDENS listings as of 2026-08-20, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Tap any home to ask about it.
PALM TERRACE GARDENS on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Pasco County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Gulf Highland Elementary · Elementary
- Bayonet Point Middle-PO · Middle
- Fivay High-PO · High
Zoned schools reflect the assignments reported on recent PALM TERRACE GARDENS listings and can change; always confirm with Pasco County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any PALM TERRACE GARDENS address.
The PALM TERRACE GARDENS buying strategy.
If we were buying in PALM TERRACE GARDENS 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 PALM TERRACE GARDENS.
A tight, older pocket of Port Richey
The numbers here are small in every direction. With only 7 homes active out of 478 total, buyers are working with a narrow slice of what the community holds, and that scarcity is the main driver of the seller-leaning read at 1.6 months of supply. There is no meaningful cushion of unsold inventory to negotiate against.
Construction spans four decades, from 1945 through 1985, with a median build year of 1976 - meaning most homes here are on their second or third generation of major systems and finishes. The community carries no identified shared amenities from current MLS listings, so whatever appeal Palm Terrace Gardens holds is tied to the individual homes and their condition, not a clubhouse or common-area package.
The location and the amenities are priced into every listing in PALM TERRACE GARDENS. 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 PALM TERRACE GARDENS 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 4 factors (6.5). Basis: Recent Direction -3.1% year-over-year; Liquidity & Demand 1.9 months of supply; Owner Commitment 50% owner-occupied; Pricing Power 96.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a community this small, with only 7 active listings against 478 homes, timing and access matter more than usual - we track new listings closely and can help you move before thin inventory tightens further, while also reading each home's age and condition against what similar Port Richey properties are actually closing at.
PALM TERRACE GARDENS in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a PALM TERRACE GARDENS 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 PALM TERRACE GARDENS sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PALM TERRACE GARDENS, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your PALM TERRACE GARDENS home worth?
Get a no-obligation home value based on real comparable sales in PALM TERRACE GARDENS, 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 PALM TERRACE GARDENS on the map →
Frequently Asked Questions
What is the median home price in PALM TERRACE GARDENS?
How long do homes in PALM TERRACE GARDENS take to sell?
Is PALM TERRACE GARDENS a buyer's or seller's market right now?
How many homes are in PALM TERRACE GARDENS?
What share of PALM TERRACE GARDENS is owner-occupied?
When were the homes in PALM TERRACE GARDENS built?
Do cash buyers compete in PALM TERRACE GARDENS?
Who is the best real estate agent for PALM TERRACE GARDENS?
How do I find a top PORT RICHEY real estate agent who knows PALM TERRACE GARDENS?
Can Momentum Realty connect me with an agent for PALM TERRACE GARDENS?
Should you buy in PALM TERRACE GARDENS?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near PALM TERRACE GARDENS with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: August 2, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2004 (360 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 Stellar MLS 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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See how PALM TERRACE GARDENS fits the bigger picture — live prices, inventory, and Momentum Scores: