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

Median List Price

$349,000

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$24,000(+7.4%)

Key Takeaway

The list price of homes in Royal Palm Beach has increased by 7.4% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $92.4K$85K-8.1%
2 $169.9K$183K+7.7%
3 $312.4K$344.1K+10.1%
4 $380K$408.4K+7.5%
5+ $425K$479.9K+12.9%

Median List Price Compared To Nearby Cities

Loxahatchee Groves
+76.9%
West Palm Beach
+11.1%
Royal Palm Beach-West Jupiter
+10.8%
Royal Palm Beach
+7.4%
Wellington
+3.1%

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

Number of Homes For Sale

Apr 2021May 2021%
218190-12.8%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 710+42.9%
2 5339-26.4%
3 8791+4.6%
4 4534-24.4%
5+ 2616-38.5%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
146 Days68 Days-52.8%

Breakdown of Home Sale Times

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About Royal Palm Beach, FL

Royal Palm Beach, FL has 190 homes on the market.

While the average time on the market in May 2021 was 68 days, the median list price was $349,000.

From April 2021 through May 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 8.1%, prices of 2 bedrooms properties increased by 7.7%, prices of 3 bedrooms properties increased by 10.1%, prices of 4 bedrooms properties increased by 7.5%, the cost of 5 bedrooms properties went up by 12.9%.

The number of listings in Royal Palm Beach, FL decreased by 12.8% between April 2021 and May 2021.

Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 42.9%, 2 bedrooms homes became 26.4% less available, volume of 3 bedrooms homes went up by 4.6%, volume of 4 bedrooms homes went dowm by 24.4%, 5 bedrooms homes became 38.5% less available.

While more than 19 listings in Royal Palm Beach, FL in May 2021 were sold above asking price, there were more than 13 listings sold at asking price, and more than 20 were sold below.

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