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 June 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
$721,044
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Palm Beach Gardens was $721,044 in June 2024, up 12.4% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $264K | +10.0% |
2 Bedrooms | $385K | $404.3K | +5.0% |
3 Bedrooms | $650K | $706.8K | +8.7% |
4 Bedrooms | $1.2M | $1.2M | 0.0% |
5+ Bedrooms | $1.8M | $2.1M | +15.1% |
Summary: Palm Beach Gardens housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
Lake Park | $327.5K | $411K | +25.5% |
North Palm Beach | $469.7K | $539.7K | +14.9% |
Palm Beach Gardens | $641.3K | $721K | +12.4% |
Jupiter | $674.6K | $749.9K | +11.2% |
Riviera Beach | $414.3K | $387.4K | -6.5% |
Housing Supply in Palm Beach Gardens, FL
How many homes are available in Palm Beach Gardens, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
867 | 836 | -3.6% |
Summary: The Palm Beach Gardens real estate market had 836 homes for sale in June 2024, a 3.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 187 | 183 | -2.1% |
3 Bedrooms | 399 | 386 | -3.3% |
4 Bedrooms | 167 | 156 | -6.6% |
5+ Bedrooms | 104 | 99 | -4.8% |
Summary: The Palm Beach Gardens housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
171 | 121 | -29.2% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
13 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 June 2024, down by 29.2% month-over-month. Of the 121 sold homes, 82% were sold under asking, 11% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 57 Days | +19.5% |
Summary: Homes in Palm Beach Gardens had an average of 57 days on market in Jun 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During June 2024, 121 homes were sold in Palm Beach Gardens; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.