Is Lake Park / Kelsey City, 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, Lake Park / Kelsey City was a Seller's Market.
Key Takeaway
Lake Park / Kelsey City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Park / Kelsey City, FL
How much do homes in Lake Park / Kelsey City, FL cost?
Median Sold Price
$405,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Park / Kelsey City have sold for 24.6% more than they did a year ago.
Summary: The median home sold price in Lake Park / Kelsey City was $405,000 in April 2024, up 24.6% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $129.3K | -42.8% |
| 2 Bedrooms | $285K | $330K | +15.8% |
| 3 Bedrooms | $375K | $425.8K | +13.6% |
| 4 Bedrooms | $495K | $543.2K | +9.7% |
| 5+ Bedrooms | $544.5K | $613.5K | +12.7% |
Summary: Lake Park / Kelsey City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Park / Kelsey City | $325K | $405K | +24.6% |
| Village of North Palm Beach | $487.1K | $539.9K | +10.8% |
Housing Supply in Lake Park / Kelsey City, FL
How many homes are available in Lake Park / Kelsey City, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Lake Park / Kelsey City real estate market had 60 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 35 | 39 | +11.4% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lake Park / Kelsey City 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 increased by 11.4%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Park / Kelsey City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lake Park / Kelsey City in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lake Park / Kelsey City, FL
How long does it take to sell a home in Lake Park / Kelsey City, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 58 Days | -43.3% |
Summary: Homes in Lake Park / Kelsey City had an average of 58 days on market in Apr 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Park / Kelsey City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Lake Park / Kelsey City; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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