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Featured local agent — Penney Farms, FL
Sarah Mitchell
Compass Real Estate · Penney Farms, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penney Farms, FL Housing Market
The last median sale price Redfin published was $50,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 20 days, Penney Farms is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $50,000 home is about $257/mo in principal and interest.
Key numbers for Penney Farms, FL
Median sale price
$50,000
Last published period
Redfin, through October 2024
Days on market
20
Fast-moving
Redfin, through October 2024
Active listings
1
1.0 months of supply
Redfin, through October 2024
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$60,625
Home costs 0.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
71.5%
Selling below asking
Redfin, through October 2024
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Penney Farms a buyer's or seller's market?
Penney Farms, FL is a seller's market, based on 1.0 months of supply and homes selling in about 20 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Penney Farms housing market data show?
Every row below is Redfin's final published month for Penney Farms, FL. Redfin, through October 2024
| Metric | Value |
|---|---|
| Median sale price | $50,000 |
| Median price per sq ft | $51/sq ft |
| Median days on market | 20 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 71.5% |
| Homes sold (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Penney Farms is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Penney Farms is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Penney Farms home prices moved?
Across the 7 months we hold for Penney Farms, FL, the median sale price fell 90.2%, from $510,000 in September 2021 to $50,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 71.5%. Watch those two together — they move before the median does.
Redfin, through October 2024 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Penney Farms?
Priced off the median sale price of $50,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $10,000 | $40,000 | $257/mo |
| 5% | $2,500 | $47,500 | $305/mo |
Redfin, through October 2024 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $257, that implies roughly $11,016 a year before you add taxes and insurance. The median household in Penney Farms earns $60,625, about $49,609 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 0.8x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Penney Farms in the next 12 months?
Tell us your timeline. We send the Penney Farms market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Penney Farms?
Zillow does not publish a rent index (ZORI) for Penney Farms, FL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Penney Farms?
Active listings in Penney Farms, FL went from 1 in March 2024 to 1 in October 2024, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| March 2024 | 1 |
| August 2024 | 1 |
| October 2024 | 1 |
Redfin, through October 2024
How does Penney Farms compare to Florida and the U.S.?
Penney Farms homes sell for $50,000 — 88% below the Florida median of $421,500. Against the national median of $410,700, Penney Farms runs 88% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Penney Farms, FL | $50,000 | not published | 20 days |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through October 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Penney Farms
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $48 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $50,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Penney Farms listing goes under contract in 20 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 71.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Penney Farms varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Penney Farms
There are currently 1 homes listed for sale in Penney Farms, Florida.
Active listings
1
Homes on market
Avg. days on market
20
Days until sale
How much do homes cost in Penney Farms by property type?
How the Penney Farms, FL market breaks down across single-family homes, condos and townhouses. Redfin, through October 2024
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $50,000 | $51/sq ft | 1 | 20 days |
Who lives in Penney Farms?
American Community Survey estimates for Penney Farms. U.S. Census ACS, 2023
Population
573
Households
228
Median income
$60,625/yr
Median age
79.9 years
Owner-occupied
14.0%
Median home value
$213,300
Median gross rent
$1,893/mo
Mean commute
35.6 min
14.0% of occupied homes in Penney Farms are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Penney Farms, FL?
Ordered by distance from Penney Farms, not by size. Compare Penney Farms side by side with any of them.
Penney Farms housing market FAQ
Is Penney Farms a buyer's or seller's market?
Penney Farms, FL is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 20 days, and sellers getting 71.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Penney Farms?
The median sale price in the last month Redfin published was $50,000, about $51 per square foot.
Is Penney Farms cheaper than the rest of Florida?
Penney Farms's median sale price of $50,000 is 88% lower than the Florida statewide median of $421,500, and 88% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Penney Farms?
Homes in Penney Farms, FL spent a median of 20 days on market before going under contract, versus 66 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Penney Farms?
At the current 30-year fixed rate of 6.66%, 20% down on a $50,000 home is about $257 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $11,016 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $60,625.
Are home prices rising in Penney Farms?
We do not hold a complete 12-month value series for Penney Farms, FL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Penney Farms?
Penney Farms ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Penney Farms?
That depends on your timeline, not on a headline. What the data says today: Penney Farms, FL is a seller's market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $50,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.