Is Lake Worth, 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 Worth was a Seller's Market.
Housing Prices in Lake Worth, FL
How much do homes in Lake Worth, FL cost?
Median Sold Price
$454,449
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake Worth was $454,449 in June 2024, up 6.9% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | $132.7K | +7.1% |
2 Bedrooms | $232.3K | $254.2K | +9.4% |
3 Bedrooms | $470K | $499K | +6.2% |
4 Bedrooms | $649K | $650K | 0.2% |
5+ Bedrooms | $751.2K | $776.4K | +3.4% |
Summary: Lake Worth housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Lake Clarke Shores | $612.5K | $675K | +10.2% |
West Palm Beach | $363.3K | $396.3K | +9.1% |
Lake Worth | $424.9K | $454.4K | +6.9% |
Palm Beach | $1.2M | $1.1M | -11.7% |
Housing Supply in Lake Worth, FL
How many homes are available in Lake Worth, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,151 | 1,181 | +2.6% |
Summary: The Lake Worth real estate market had 1,181 homes for sale in June 2024, a 2.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 78 | 77 | -1.3% |
2 Bedrooms | 377 | 409 | +8.5% |
3 Bedrooms | 439 | 447 | +1.8% |
4 Bedrooms | 171 | 165 | -3.5% |
5+ Bedrooms | 86 | 83 | -3.5% |
Summary: The Lake Worth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 3.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
194 | 140 | -27.8% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Lake Worth in June 2024, down by 27.8% month-over-month. Of the 140 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Lake Worth, FL
How long does it take to sell a home in Lake Worth, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
37 Days | 45 Days | +20.5% |
Summary: Homes in Lake Worth had an average of 45 days on market in Jun 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During June 2024, 140 homes were sold in Lake Worth; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.