Is Palm Beach Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Palm Beach Gardens was a Seller's Market.
Key Takeaway
Palm Beach Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palm Beach Gardens, FL
How much do homes in Palm Beach Gardens, FL cost?
Median Sold Price
$715,483
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palm Beach Gardens have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Palm Beach Gardens was $715,483 in April 2024, up 13.3% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $270K | +12.5% |
| 2 Bedrooms | $388.3K | $405.3K | +4.4% |
| 3 Bedrooms | $663.5K | $694.8K | +4.7% |
| 4 Bedrooms | $1.2M | $1.2M | -0.4% |
| 5+ Bedrooms | $1.8M | $2.0M | +13.4% |
Summary: Palm Beach Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Lake Park | $325K | $405K | +24.6% |
| North Palm Beach | $452.2K | $531.6K | +17.6% |
| Palm Beach Gardens | $631.4K | $715.4K | +13.3% |
| Jupiter | $675.2K | $737.5K | +9.2% |
| Riviera Beach | $414.5K | $386.8K | -6.7% |
Housing Supply in Palm Beach Gardens, FL
How many homes are available in Palm Beach Gardens, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 858 | 865 | +0.8% |
Summary: The Palm Beach Gardens real estate market had 865 homes for sale in April 2024, a 0.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 192 | 198 | +3.1% |
| 3 Bedrooms | 369 | 379 | +2.7% |
| 4 Bedrooms | 169 | 164 | -3.0% |
| 5+ Bedrooms | 115 | 109 | -5.2% |
Summary: The Palm Beach Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 5.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 132 | -9.0% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Beach Gardens, you may be able to get a good deal. 79.5% of homes here sold below asking price last month.
Summary: A total of 132 homes were sold or pending in Palm Beach Gardens in April 2024, down by 9.0% month-over-month. Of the 132 sold homes, 80% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Palm Beach Gardens, FL
How long does it take to sell a home in Palm Beach Gardens, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 71 Days | +50.1% |
Summary: Homes in Palm Beach Gardens had an average of 71 days on market in Apr 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Beach Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 132 homes were sold in Palm Beach Gardens; 40% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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