Is North Palm Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Palm Beach is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, North Palm Beach was a Seller's Market.

Key Takeaway

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

How much do homes in North Palm Beach, FL cost?

Median Sold Price

$450,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$64,250(+16.7%)

Key Takeaway

Homes in North Palm Beach have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $161.5K$205K
+26.9%
2 $292.5K$380K
+29.9%
3 $550K$675K
+22.7%
4 $1.0M$1.1M
+7.1%
5+ $1.8M$3.7M
+104.1%

Median Sold Price Compared To Nearby Cities

Palm Beach Gardens
+24.8%
Lake Park
+24.0%
North Palm Beach
+16.7%
Riviera Beach
+11.4%

How many homes are available in North Palm Beach, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
157160+1.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1720
+17.6%
2 7775
-2.6%
3 4139
-4.9%
4 1619
+18.8%
5+ 67
+16.7%

Number of Homes Sold

Oct 2022Nov 2022%
2712-55.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Palm Beach, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
29 Days65 Days+122.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Palm Beach are selling fast, if you're buying plan to act quickly.

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

About North Palm Beach, FL

Number of homes for sale in North Palm Beach, FL real estate market have reached 160. The number of listings in North Palm Beach, FL increased by 1.9% between October 2022 and November 2022. The median list price of listings available in November 2022 was $450,000, while the average time on the real estate market was 65 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 26.9%, prices of 2 bedrooms properties increased by 29.9%, the cost of 3 bedrooms properties went up by 22.7%, the cost of 4 bedrooms properties went up by 7.1%, the cost of 5 bedrooms properties went up by 104.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 17.6%, 2 bedrooms homes inventory decreased by 2.6%, the quantity of 3 bedrooms homes went down by 4.9%, the quantity of 4 bedrooms homes went up by 18.8%, 5 bedrooms homes inventory increased by 16.7%. While more than 3 listings in North Palm Beach, FL in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 7 were sold below.

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