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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palm Beach Gardens is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Palm Beach Gardens has remained a Seller's Market.

Key Takeaway

Palm Beach Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

Median Sold Price

$479,895

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$88,895(+22.7%)

Key Takeaway

Homes in Palm Beach Gardens have sold for 22.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $145K$179K
+23.5%
2 $240K$290K
+20.8%
3 $401.5K$492.9K
+22.8%
4 $700K$879.7K
+25.7%
5+ $1.2M$1.7M
+49.6%

Median Sold Price Compared To Nearby Cities

Riviera Beach
+39.5%
Palm Beach Gardens
+22.7%
Lake Park
+18.1%
Jupiter
+14.7%
North Palm Beach
+11.0%

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

Number of Homes For Sale

Nov 2021Dec 2021%
421349-17.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 138
-38.5%
2 109102
-6.4%
3 175132
-24.6%
4 8273
-11.0%
5+ 4234
-19.0%

Number of Homes Sold

Nov 2021Dec 2021%
144141-2.1%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palm Beach Gardens, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
60 Days22 Days-63.7%

Breakdown of Home Sale Times

108 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Palm Beach Gardens, FL

There are 349 homes are for sale in Palm Beach Gardens, FL real estate market. In December 2021 in Palm Beach Gardens, FL there were 17.1% less homes for sale than in November 2021. Listings spent 22 days on the market in December 2021, and had a median list price of $479,895 during the same period. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 23.5%, the cost of 2 bedrooms properties went up by 20.8%, prices of 3 bedrooms properties increased by 22.8%, the cost of 4 bedrooms properties went up by 25.7%, 5 bedrooms properties prices increased by 49.6%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 38.5%, 2 bedrooms homes became 6.4% less available, the quantity of 3 bedrooms homes went down by 24.6%, number of 4 bedrooms homes decreased by 11%, the quantity of 5 bedrooms homes went down by 19%. In December 2021 more than 41 listings in Palm Beach Gardens, FL were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 72 were sold below.

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