Is Lake Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lake Park was a Seller's Market.
Housing Prices in Lake Park, FL
How much do homes in Lake Park, FL cost?
Median Sold Price
$411,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake Park was $411,000 in June 2024, up 25.5% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $106.8K | -49.7% |
2 Bedrooms | $280K | $360K | +28.6% |
3 Bedrooms | $395K | $424.9K | +7.6% |
4 Bedrooms | $495K | $532K | +7.5% |
5+ Bedrooms | $444K | $572K | +28.8% |
Summary: Lake Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 28.8%.
Median Sold Price Compared To Nearby Cities
Lake Park | $327.5K | $411K | +25.5% |
North Palm Beach | $469.7K | $539.7K | +14.9% |
Palm Beach Gardens | $641.3K | $721K | +12.4% |
Riviera Beach | $414.3K | $387.4K | -6.5% |
Housing Supply in Lake Park, FL
How many homes are available in Lake Park, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
65 | 73 | +12.3% |
Summary: The Lake Park real estate market had 73 homes for sale in June 2024, a 12.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 45 | 47 | +4.4% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Lake Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake Park in June 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Lake Park, FL
How long does it take to sell a home in Lake Park, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -51.1% |
Summary: Homes in Lake Park had an average of 19 days on market in Jun 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in Lake Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.