Is Royal Palm Beach-West Jupiter, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Royal Palm Beach-West Jupiter was a Seller's Market.
Key Takeaway
Royal Palm Beach-West Jupiter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Royal Palm Beach-West Jupiter, FL
How much do homes in Royal Palm Beach-West Jupiter, FL cost?
Median Sold Price
$589,569
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Royal Palm Beach-West Jupiter have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Royal Palm Beach-West Jupiter was $589,569 in March 2024, up 10.3% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.4K | $140K | +9.0% |
| 2 Bedrooms | $306.2K | $325K | +6.1% |
| 3 Bedrooms | $527.8K | $568.1K | +7.6% |
| 4 Bedrooms | $715K | $760K | +6.3% |
| 5+ Bedrooms | $853.6K | $975K | +14.2% |
Summary: Royal Palm Beach-West Jupiter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Palm Beach Gardens | $622K | $719.8K | +15.7% |
| Royal Palm Beach-West Jupiter | $534.4K | $589.5K | +10.3% |
| Loxahatchee | $638.5K | $668.1K | +4.6% |
| Western Community | $625K | $649.9K | +4.0% |
| Loxahatchee Groves | $774.9K | $777.5K | 0.3% |
Housing Supply in Royal Palm Beach-West Jupiter, FL
How many homes are available in Royal Palm Beach-West Jupiter, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,094 | 1,206 | +10.2% |
Summary: The Royal Palm Beach-West Jupiter real estate market had 1,206 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 23 | +15.0% |
| 2 Bedrooms | 228 | 263 | +15.4% |
| 3 Bedrooms | 451 | 483 | +7.1% |
| 4 Bedrooms | 256 | 282 | +10.2% |
| 5+ Bedrooms | 139 | 155 | +11.5% |
Summary: The Royal Palm Beach-West Jupiter housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 147 | 169 | +15.0% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royal Palm Beach-West Jupiter, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 169 homes were sold or pending in Royal Palm Beach-West Jupiter in March 2024, up by 15.0% month-over-month. Of the 169 sold homes, 77% were sold under asking, 12% were sold at asking, and 11% were sold over asking.
Days on Market for Royal Palm Beach-West Jupiter, FL
How long does it take to sell a home in Royal Palm Beach-West Jupiter, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 51 Days | +1.7% |
Summary: Homes in Royal Palm Beach-West Jupiter had an average of 51 days on market in Mar 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Royal Palm Beach-West Jupiter are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 169 homes were sold in Royal Palm Beach-West Jupiter; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.