Is Loxahatchee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Loxahatchee was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | - | N/A |
2 Bedrooms | $544.5K | $596K | +9.4% |
3 Bedrooms | $565K | $588.5K | +4.2% |
4 Bedrooms | $695K | $727.5K | +4.7% |
5+ Bedrooms | $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 | $532.2K | $577.4K | +8.5% |
Loxahatchee Groves | $742.5K | $777.5K | +4.7% |
Royal Palm Beach | $459.9K | $479.2K | +4.2% |
Loxahatchee | $637K | $660K | +3.6% |
Western Community | $625.5K | $636.6K | +1.8% |
Housing Supply in Loxahatchee, FL
How many homes are available in Loxahatchee, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
257 | 299 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 92 | 109 | +18.5% |
4 Bedrooms | 102 | 118 | +15.7% |
5+ Bedrooms | 49 | 57 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 37 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 62 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
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.