Is Lake Worth, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Worth is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Lake Worth has remained a Seller's Market.

Key Takeaway

Lake Worth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake Worth, FL cost?

Median Sold Price

$335,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$70,000(+26.4%)

Key Takeaway

Homes in Lake Worth have sold for 26.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $74.6K$100K
+34.0%
2 $225K$290K
+28.9%
3 $292.6K$379.9K
+29.8%
4 $375K$460K
+22.7%
5+ $630K$805K
+27.8%

Median Sold Price Compared To Nearby Cities

Lake Worth
+26.4%
Lantana
+22.6%
Boynton Beach-Delray Beach
+21.5%
Lake Clarke Shores
+21.4%
Palm Beach
+1.4%

How many homes are available in Lake Worth, FL?

Number of Homes For Sale

May 2022Jun 2022%
192203+5.7%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 3022
-26.7%
2 6671
+7.6%
3 6879
+16.2%
4 2124
+14.3%
5+ 77
0.0%

Number of Homes Sold

May 2022Jun 2022%
5234-34.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Worth, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
28 Days5 Days-82.2%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Worth are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Worth, FL

Number of homes for sale in Lake Worth, FL real estate market have reached 203. Between May 2022 and June 2022, Lake Worth, FL real estate market has seen increase in the number of listings by 5.7%. The median list price of listings available in June 2022 was $335,000, while the average time on the real estate market was 5 days. This housing market listing prices have changed between May 2022 and June 2022: 1 bedroom properties prices increased by 34%, prices of 2 bedrooms properties increased by 28.9%, prices of 3 bedrooms properties went up by 29.8%, 4 bedrooms properties prices increased by 22.7%, prices of 5 bedrooms properties increased by 27.8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 26.7%, 2 bedrooms homes inventory increased by 7.6%, number of 3 bedrooms homes increased by 16.2%, volume of 4 bedrooms homes went up by 14.3%, 5 bedrooms homes did not move. In June 2022 more than 10 listings in Lake Worth, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 15 were sold below.

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