Is Palm Beach Shores, 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 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 the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Palm Beach Shores have sold for 69.8% more than they did a year ago.
Summary: The median home sold price in Palm Beach Shores was $900,000 in June 2024, up 69.8% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $277.5K | +18.1% |
| 2 Bedrooms | $497.5K | $490K | -1.5% |
| 3 Bedrooms | $950K | $1.2M | +34.2% |
| 4 Bedrooms | $1.7M | $1.8M | +3.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Palm Beach Shores housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 34.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Palm Beach Shores | $530K | $900K | +69.8% |
| Riviera Beach | $414.3K | $387.4K | -6.5% |
| Palm Beach | $1.2M | $1.1M | -11.7% |
Housing Supply in Palm Beach Shores, FL
How many homes are available in Palm Beach Shores, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Palm Beach Shores real estate market had 19 homes for sale in June 2024, a 35.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Palm Beach Shores housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 June 2024, the same as the previous 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 42 Days | 48 Days | +13.6% |
Summary: Homes in Palm Beach Shores had an average of 48 days on market in Jun 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palm Beach Shores has remained consistent over time.
Summary: During June 2024, 1 homes were sold in Palm Beach Shores; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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© 2024 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.