Is Loxahatchee Groves, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Loxahatchee Groves, FL
How much do homes in Loxahatchee Groves, FL cost?
Median Sold Price
$777,500
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Loxahatchee Groves has remained the same since last year.
Summary: The median home sold price in Loxahatchee Groves was $777,500 in March 2024, up 0.3% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | - | N/A |
| 2 Bedrooms | $740K | $777.5K | +5.1% |
| 3 Bedrooms | $595.2K | $720K | +21.0% |
| 4 Bedrooms | $775K | $615K | -20.6% |
| 5+ Bedrooms | $2.4M | $1.2M | -49.8% |
Summary: Loxahatchee Groves housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 21%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 49.8%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach-West Jupiter | $534.4K | $589.5K | +10.3% |
| Royal Palm Beach | $459.9K | $484.9K | +5.4% |
| Loxahatchee | $638.5K | $668.1K | +4.6% |
| Loxahatchee Groves | $774.9K | $777.5K | 0.3% |
Housing Supply in Loxahatchee Groves, FL
How many homes are available in Loxahatchee Groves, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The Loxahatchee Groves real estate market had 39 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Loxahatchee Groves housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loxahatchee Groves, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Loxahatchee Groves in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Loxahatchee Groves, FL
How long does it take to sell a home in Loxahatchee Groves, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 101 Days | 77 Days | -23.5% |
Summary: Homes in Loxahatchee Groves had an average of 77 days on market in Mar 2024, down by 23.5% compared to last year.
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
Key Takeaway
Avg time on Rocket Homes in Loxahatchee Groves has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Loxahatchee Groves; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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