Is Palm Beach Gardens, 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, Palm Beach Gardens was a Seller's Market.
Housing Prices in Palm Beach Gardens, FL
How much do homes in Palm Beach Gardens, FL cost?
Median Sold Price
$719,800
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Palm Beach Gardens was $719,800 in March 2024, up 15.7% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $261.2K | +8.9% |
2 Bedrooms | $385K | $405K | +5.2% |
3 Bedrooms | $662.4K | $694.2K | +4.8% |
4 Bedrooms | $1.2M | $1.2M | -0.4% |
5+ Bedrooms | $1.8M | $1.9M | +3.2% |
Summary: Palm Beach Gardens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Lake Park | $322.5K | $402K | +24.7% |
North Palm Beach | $450K | $530K | +17.8% |
Palm Beach Gardens | $622K | $719.8K | +15.7% |
Jupiter | $667.5K | $726.6K | +8.9% |
Riviera Beach | $415K | $390.6K | -5.9% |
Housing Supply in Palm Beach Gardens, FL
How many homes are available in Palm Beach Gardens, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
826 | 867 | +5.0% |
Summary: The Palm Beach Gardens real estate market had 867 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 191 | 197 | +3.1% |
3 Bedrooms | 366 | 379 | +3.6% |
4 Bedrooms | 154 | 166 | +7.8% |
5+ Bedrooms | 101 | 112 | +10.9% |
Summary: The Palm Beach Gardens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 121 | +11.0% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 121 homes were sold or pending in Palm Beach Gardens in March 2024, up by 11.0% month-over-month. Of the 121 sold homes, 85% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Palm Beach Gardens, FL
How long does it take to sell a home in Palm Beach Gardens, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 58 Days | +14.0% |
Summary: Homes in Palm Beach Gardens had an average of 58 days on market in Mar 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During March 2024, 121 homes were sold in Palm Beach Gardens; 40% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.