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 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
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
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $145K | $179K | +23.5% |
| 2 Bedrooms | $240K | $290K | +20.8% |
| 3 Bedrooms | $401.5K | $492.9K | +22.8% |
| 4 Bedrooms | $700K | $879.7K | +25.7% |
| 5+ Bedrooms | $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 2021 | Dec 2021 | % |
|---|---|---|
| 421 | 349 | -17.1% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 13 | 8 | -38.5% |
| 2 Bedrooms | 109 | 102 | -6.4% |
| 3 Bedrooms | 175 | 132 | -24.6% |
| 4 Bedrooms | 82 | 73 | -11.0% |
| 5+ Bedrooms | 42 | 34 | -19.0% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 144 | 141 | -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
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 2020 | Dec 2021 | % |
|---|---|---|
| 60 Days | 22 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
Key Takeaway
Many homes in Palm Beach Gardens are selling fast, if you're buying plan to act quickly.
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© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.