Is Royal Palm Beach-West Jupiter, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Royal Palm Beach-West Jupiter is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Royal Palm Beach-West Jupiter has remained a Seller's Market.

Key Takeaway

Royal Palm Beach-West Jupiter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

Median Sold Price

$425,237

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$64,738(+18.0%)

Key Takeaway

Homes in Royal Palm Beach-West Jupiter have sold for 18% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $77K$92.5K
+20.1%
2 $195K$220K
+12.8%
3 $351.4K$429K
+22.1%
4 $489.9K$585.5K
+19.5%
5+ $575K$719.5K
+25.1%

Median Sold Price Compared To Nearby Cities

Loxahatchee Groves
+82.5%
Palm Beach Gardens
+22.7%
Loxahatchee
+21.4%
Western Community
+19.1%
Royal Palm Beach-West Jupiter
+18.0%

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

Number of Homes For Sale

Nov 2021Dec 2021%
694577-16.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 2919
-34.5%
2 157127
-19.1%
3 284234
-17.6%
4 156143
-8.3%
5+ 6854
-20.6%

Number of Homes Sold

Nov 2021Dec 2021%
223185-17.0%

Asking Price vs. Sold Price

100 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Royal Palm Beach-West Jupiter, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
48 Days24 Days-49.0%

Breakdown of Home Sale Times

138 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Royal Palm Beach-West Jupiter are selling fast, if you're buying plan to act quickly.

About Royal Palm Beach-West Jupiter, FL

Homes for sale in Royal Palm Beach-West Jupiter, FL have reached 577. In December 2021 in Royal Palm Beach-West Jupiter, FL there were 16.9% less homes for sale than in November 2021. In December 2021, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $425,237. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 20.1%, 2 bedrooms properties prices increased by 12.8%, the cost of 3 bedrooms properties went up by 22.1%, prices of 4 bedrooms properties went up by 19.5%, 5 bedrooms properties prices increased by 25.1%. This housing market inventory have changed: number of 1 bedroom homes decreased by 34.5%, volume of 2 bedrooms homes went down by 19.1%, the quantity of 3 bedrooms homes went down by 17.6%, number of 4 bedrooms homes decreased by 8.3%, 5 bedrooms homes became 20.6% less available. While more than 58 listings in Royal Palm Beach-West Jupiter, FL in December 2021 were sold above asking price, there were more than 27 listings sold at asking price, and more than 100 were sold below.

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