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West Hillsborough News

Saturday, November 23, 2024

What happened to the median home price in Palm River-Clair Mel during the first half of 2022?

Re 11

The median sale price of a home sold in the first half of 2022 in Palm River-Clair Mel rose by $65,900 while total sales increased by 29 percent, according to BlockShopper.com.

From January through June, there were 169 homes sold, with a median sale price of $275,900 - a 31.4 percent increase over the $210,000 median sale price for the same period of the previous year. There were 131 homes sold in Palm River-Clair Mel in the first half of 2021.

The median sales tax in Palm River-Clair Mel for the most recent year with available data, 2018, was $1,414, approximately 0.5 percent of the median home sale price for the first half of 2022.

The following table compares Palm River-Clair Mel to other Hillsborough County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Greater Carrollwood354374-5.3$335,000$277,50020.7
Thonotosassa41387.9$330,000$285,00015.8
Temple Terrace1391297.8$320,000$215,00048.8
Lake Magdalene8392-9.8$311,000$241,50028.8
Plant City3623435.5$310,000$260,00019.2
Palm River-Clair Mel16913129$275,900$210,00031.4
Greater Sun Center5055040.2$270,000$206,82530.5
Egypt Lake-Leto25419530.3$270,000$230,00017.4
Mango674839.6$268,000$205,00030.7
Progress Village86816.2$255,550$209,99021.7
East Lake-Orient Park695525.5$235,000$180,00030.6

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