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 February 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

$660,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,000(+3.6%)

Key Takeaway

Homes in Loxahatchee have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Loxahatchee was $660,000 in February 2024, up 3.6% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $1.1M-
N/A
2 $544.5K$596K
+9.4%
3 $565K$588.5K
+4.2%
4 $695K$727.5K
+4.7%
5+ $828.4K$830.3K
0.2%

Summary: Loxahatchee housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach-West Jupiter
+8.5%
Loxahatchee Groves
+4.7%
Royal Palm Beach
+4.2%
Loxahatchee
+3.6%
Western Community
+1.8%

Housing Supply in Loxahatchee, FL

How many homes are available in Loxahatchee, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
257299+16.3%

Summary: The Loxahatchee real estate market had 299 homes for sale in February 2024, a 16.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 92109
+18.5%
4 102118
+15.7%
5+ 4957
+16.3%

Summary: The Loxahatchee housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 16.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3237+15.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 83.8% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Loxahatchee in February 2024, up by 15.6% month-over-month. Of the 37 sold homes, 84% were sold under asking, 8% were sold at asking, and 8% 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

Feb 2023Feb 2024CHANGE
61 Days62 Days+1.0%

Summary: Homes in Loxahatchee had an average of 62 days on market in Feb 2024, up by 1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

10 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 February 2024, 37 homes were sold in Loxahatchee; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 27 Days Ago

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