Is Western Community, 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, Western Community was a Seller's Market.
Housing Prices in Western Community, FL
How much do homes in Western Community, FL cost?
Median Sold Price
$645,100
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Western Community was $645,100 in April 2024, up 4% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $415K | $470K | +13.3% |
3 Bedrooms | $565K | $585K | +3.5% |
4 Bedrooms | $697.5K | $711K | +1.9% |
5+ Bedrooms | $870K | $845K | -2.9% |
Summary: Western Community housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Palm Beach Gardens | $631.4K | $715.4K | +13.3% |
Royal Palm Beach-West Jupiter | $533.4K | $592.7K | +11.1% |
Loxahatchee | $635.8K | $672.1K | +5.7% |
Western Community | $620K | $645.1K | +4.0% |
West Palm Beach | $374.8K | $386.2K | +3.1% |
Housing Supply in Western Community, FL
How many homes are available in Western Community, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 228 | +2.2% |
Summary: The Western Community real estate market had 228 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 92 | 110 | +19.6% |
4 Bedrooms | 91 | 81 | -11.0% |
5+ Bedrooms | 33 | 29 | -12.1% |
Summary: The Western Community housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 12.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 24 | -33.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Western Community in April 2024, down by 33.3% month-over-month. Of the 24 sold homes, 79% were sold under asking, 13% were sold at asking, and 8% were sold over asking.
Days on Market for Western Community, FL
How long does it take to sell a home in Western Community, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 34 Days | -50.7% |
Summary: Homes in Western Community had an average of 34 days on market in Apr 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Western Community; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.