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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Loxahatchee Groves is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Loxahatchee Groves, FL cost?

Median Sold Price

$795,000

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$122,500(+18.2%)

Key Takeaway

Homes in Loxahatchee Groves have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $782.5K$1.1M
+49.8%
2 $650K$680K
+4.6%
3 $525K$572.5K
+9.0%
4 $750K$820K
+9.3%
5+ $745K$1.5M
+101.3%

Median Sold Price Compared To Nearby Cities

Loxahatchee
+25.9%
Royal Palm Beach-West Jupiter
+23.0%
Loxahatchee Groves
+18.2%
Royal Palm Beach
+17.1%

How many homes are available in Loxahatchee Groves, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
3639+8.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 47
+75.0%
3 1314
+7.7%
4 1110
-9.1%
5+ 88
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Loxahatchee Groves, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
85 Days76 Days-10.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Loxahatchee Groves, FL

Loxahatchee Groves, FL has 39 homes on the market. The inventory of homes for sale in Loxahatchee Groves, FL between October 2022 and November 2022 increased by 8.3%. The median list price of listings available in November 2022 was $795,000, while the average time on the real estate market was 76 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 49.8%, 2 bedrooms properties prices increased by 4.6%, prices of 3 bedrooms properties increased by 9%, prices of 4 bedrooms properties went up by 9.3%, prices of 5 bedrooms properties increased by 101.3%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 75% more available, 3 bedrooms homes became 7.7% more available, volume of 4 bedrooms homes went down by 9.1%, 5 bedrooms homes inventory did not change. In November 2022 more than 1 listings in Loxahatchee Groves, FL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.

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