Is Loxahatchee, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loxahatchee is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Loxahatchee was a Seller's Market.

Key Takeaway

Loxahatchee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Loxahatchee, FL

How much do homes in Loxahatchee, FL cost?

Median Sold Price

$675,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,015(+3.8%)

Key Takeaway

Homes in Loxahatchee have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Loxahatchee was $675,000 in September 2024, up 3.8% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$470K
N/A
2 $552.5K$597K
+8.1%
3 $570K$595K
+4.4%
4 $701.4K$720K
+2.6%
5+ $826.9K$885K
+7.0%

Summary: Loxahatchee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach-West Jupiter
+8.9%
Royal Palm Beach
+6.8%
Western Community
+4.7%
Loxahatchee
+3.8%
Loxahatchee Groves
-1.6%

Housing Supply in Loxahatchee, FL

How many homes are available in Loxahatchee, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
323336+4.0%

Summary: The Loxahatchee real estate market had 336 homes for sale in September 2024, a 4.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1819
+5.6%
3 119130
+9.2%
4 128125
-2.3%
5+ 5861
+5.2%

Summary: The Loxahatchee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4728-40.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loxahatchee, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Loxahatchee in September 2024, down by 40.4% month-over-month. Of the 28 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.

Days on Market for Loxahatchee, FL

How long does it take to sell a home in Loxahatchee, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
53 Days46 Days-12.8%

Summary: Homes in Loxahatchee had an average of 46 days on market in Sep 2024, down by 12.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Loxahatchee has remained consistent over time.

Summary: During September 2024, 28 homes were sold in Loxahatchee; 32% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

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