Is Loxahatchee, 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, 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
$670,416
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Loxahatchee have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Loxahatchee was $670,416 in June 2024, up 6.4% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $470K | +34.3% |
| 2 Bedrooms | $559K | $597K | +6.8% |
| 3 Bedrooms | $566.2K | $593.5K | +4.8% |
| 4 Bedrooms | $700K | $728.1K | +4.0% |
| 5+ Bedrooms | $818.4K | $875.8K | +7.0% |
Summary: Loxahatchee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach-West Jupiter | $541.4K | $599.9K | +10.8% |
| Royal Palm Beach | $455K | $490.7K | +7.8% |
| Loxahatchee | $630K | $670.4K | +6.4% |
| Western Community | $619K | $651.7K | +5.3% |
| Loxahatchee Groves | $774.9K | $727K | -6.2% |
Housing Supply in Loxahatchee, FL
How many homes are available in Loxahatchee, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 346 | 334 | -3.5% |
Summary: The Loxahatchee real estate market had 334 homes for sale in June 2024, a 3.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 143 | 127 | -11.2% |
| 4 Bedrooms | 132 | 133 | +0.8% |
| 5+ Bedrooms | 51 | 52 | +2.0% |
Summary: The Loxahatchee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 77 | 42 | -45.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loxahatchee, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Loxahatchee in June 2024, down by 45.5% month-over-month. Of the 42 sold homes, 57% were sold under asking, 31% were sold at asking, and 12% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 54 Days | 47 Days | -12.1% |
Summary: Homes in Loxahatchee had an average of 47 days on market in Jun 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loxahatchee are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 42 homes were sold in Loxahatchee; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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