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 buyer's market

Buyer's
Market

Difference Since June 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

$599,994

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$58,594(+10.8%)

Key Takeaway

Homes in Royal Palm Beach-West Jupiter have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Royal Palm Beach-West Jupiter was $599,994 in June 2024, up 10.8% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $130K$141K
+8.5%
2 $310.3K$350K
+12.8%
3 $529.8K$583.4K
+10.1%
4 $717K$770K
+7.4%
5+ $885K$998K
+12.8%

Summary: Royal Palm Beach-West Jupiter housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.8%.

Median Sold Price Compared To Nearby Cities

Palm Beach Gardens
+12.4%
Royal Palm Beach-West Jupiter
+10.8%
Loxahatchee
+6.4%
Western Community
+5.3%
Loxahatchee Groves
-6.2%

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

May 2024Jun 2024CHANGE
1,2261,235+0.7%

Summary: The Royal Palm Beach-West Jupiter real estate market had 1,235 homes for sale in June 2024, a 0.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 3332
-3.0%
2 257268
+4.3%
3 500491
-1.8%
4 289297
+2.8%
5+ 147147
0.0%

Summary: The Royal Palm Beach-West Jupiter housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
218153-29.8%

Asking Price vs. Sold Price

115 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

14 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. 75.2% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Royal Palm Beach-West Jupiter in June 2024, down by 29.8% month-over-month. Of the 153 sold homes, 75% were sold under asking, 16% were sold at asking, and 9% 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

Jun 2023Jun 2024CHANGE
48 Days47 Days-3.7%

Summary: Homes in Royal Palm Beach-West Jupiter had an average of 47 days on market in Jun 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

20 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.

Summary: During June 2024, 153 homes were sold in Royal Palm Beach-West Jupiter; 48% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

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