32185
Palatka, Florida
Palatka 32185 needs watching.
The 32185 ZIP code in Palatka, Florida has a median sale price of $83K, down N/A year-over-year. Homes spend an average of 354 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32185.
The 32185 market shows significant stagnation with a median sale price of $82,900 remaining flat year-over-year and properties averaging 354 days to sell. This extended time on market—nearly a full year—indicates weak demand and limited buyer activity in the area. Zero homes have sold above asking price, confirming a decisive buyer's market where sellers lack pricing power. These metrics reflect a distressed market segment struggling to attract qualified purchasers at current valuations.
Patient cash buyers with renovation capacity are positioned to benefit most from these conditions, as the 354-day average DOM suggests motivated sellers willing to negotiate. Traditional owner-occupant buyers relying on financing may struggle since the flat pricing and low PropIQ score of 27 signal potential appraisal challenges. Sellers face unfavorable conditions and should prepare for extended marketing periods or consider holding unless financially pressured to liquidate.
The PropIQ intelligence score of 27 out of 100 warrants caution and suggests limited near-term appreciation potential. Watch for inventory accumulation if days-on-market extends beyond 365 days, which would intensify downward price pressure. Without catalyst indicators for demand recovery—none evident in current data—this market appears positioned for continued weakness or potential price depreciation through the next reporting period.
What is the median home price in 32185 Palatka?
The median sale price in 32185 is $83K, down N/A year-over-year as of 2019-08-31.
How long do homes stay on the market in Palatka 32185?
Homes in 32185 Palatka spend an average of 354 days on market before going under contract.
Is Palatka 32185 a good place to invest in real estate?
Folio's PropIQ™ score for 32185 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 32185?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 27 = Caution in 32185 Palatka, Florida.