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 neutral's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

Palm Beach Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

Median Sold Price

$581,637

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$103,576(+21.7%)

Key Takeaway

Homes in Palm Beach Gardens have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $176K$236.2K
+34.2%
2 $290K$385K
+32.8%
3 $492.8K$650K
+31.9%
4 $880.7K$1.0M
+13.5%
5+ $1.7M$2.1M
+19.6%

Median Sold Price Compared To Nearby Cities

Jupiter
+31.0%
Palm Beach Gardens
+21.7%
Lake Park
+17.0%
North Palm Beach
+12.8%
Riviera Beach
+12.1%

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

Number of Homes For Sale

Nov 2022Dec 2022%
467464-0.6%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 1410
-28.6%
2 98107
+9.2%
3 223204
-8.5%
4 7580
+6.7%
5+ 5763
+10.5%

Number of Homes Sold

Nov 2022Dec 2022%
8173-9.9%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 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. 76.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
21 Days41 Days+92.7%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

11 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.

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

About Palm Beach Gardens, FL

Palm Beach Gardens, FL has 464 homes for sale to choose from. Between November 2022 and December 2022, Palm Beach Gardens, FL real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in December 2022 was $581,637, while the average time on the real estate market was 41 days. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 34.2%, 2 bedrooms properties prices increased by 32.8%, 3 bedrooms properties prices increased by 31.9%, 4 bedrooms properties prices increased by 13.5%, prices of 5 bedrooms properties went up by 19.6%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 28.6%, the quantity of 2 bedrooms homes went up by 9.2%, volume of 3 bedrooms homes went down by 8.5%, volume of 4 bedrooms homes went up by 6.7%, the quantity of 5 bedrooms homes went up by 10.5%. Palm Beach Gardens, FL housing market in December 2022 saw over 5 listings sold above listed price, more than 12 sold at listed price and over 56 sold below.

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