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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loxahatchee is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Loxahatchee, FL

How much do homes in Loxahatchee, FL cost?

Median Sold Price

$673,113

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$39,961(+6.3%)

Key Takeaway

Homes in Loxahatchee have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Loxahatchee was $673,113 in May 2024, up 6.3% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $350K-
N/A
2 $555K$596K
+7.4%
3 $567.5K$590.7K
+4.1%
4 $700K$725K
+3.6%
5+ $818.4K$855.9K
+4.6%

Summary: Loxahatchee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach-West Jupiter
+13.0%
Royal Palm Beach
+6.5%
Loxahatchee
+6.3%
Western Community
+4.8%
Loxahatchee Groves
-2.4%

Housing Supply in Loxahatchee, FL

How many homes are available in Loxahatchee, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
312354+13.5%

Summary: The Loxahatchee real estate market had 354 homes for sale in May 2024, a 13.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1717
0.0%
3 125146
+16.8%
4 120136
+13.3%
5+ 4954
+10.2%

Summary: The Loxahatchee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 10.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3870+84.2%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 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. 67.1% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Loxahatchee in May 2024, up by 84.2% month-over-month. Of the 70 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% 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

May 2023May 2024CHANGE
39 Days40 Days+2.3%

Summary: Homes in Loxahatchee had an average of 40 days on market in May 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 70 homes were sold in Loxahatchee; 60% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 19% 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 12 Days Ago

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