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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palm Beach Shores is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Palm Beach Shores was a Seller's Market.

Key Takeaway

Palm Beach Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Palm Beach Shores, FL

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

Median Sold Price

$900,000

$546/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$925,000(-50.7%)

Key Takeaway

Homes in Palm Beach Shores have sold for 50.7% less than they did a month ago.

Summary: The median home sold price in Palm Beach Shores was $900,000 in May 2024, down 50.7% from last month, and the median price per square foot was $546.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$900K
N/A
3 $1.4M-
N/A
4 $2.0M-
N/A
5+ --
N/A

Summary: Palm Beach Shores housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Palm Beach Shores, FL

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
1614-12.5%

Summary: The Palm Beach Shores real estate market had 14 homes for sale in May 2024, a 12.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 44
0.0%
3 77
0.0%
4 31
-66.7%
5+ 00
0.0%

Summary: The Palm Beach Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palm Beach Shores, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Palm Beach Shores in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Palm Beach Shores, FL

How long does it take to sell a home in Palm Beach Shores, FL?

Average Sale Time

Apr 2024May 2024CHANGE
79 Days10 Days-87.5%

Summary: Homes in Palm Beach Shores had an average of 10 days on market in May 2024, down by 87.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Palm Beach Shores; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

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