Is Tequesta, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tequesta is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Tequesta has remained a Seller's Market.

Key Takeaway

Tequesta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tequesta, FL

How much do homes in Tequesta, FL cost?

Median Sold Price

$710,000

$432/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,000(+4.7%)

Key Takeaway

Homes in Tequesta have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Tequesta was $710,000 in May 2024, up 4.7% from last year, and the median price per square foot was $432.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $265K$270K
+1.9%
2 $320K$323.5K
+1.1%
3 $734.5K$777.5K
+5.9%
4 $1.0M$1.1M
+18.8%
5+ $3.0M$7.2M
+140.0%

Summary: Tequesta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 140%.

Median Sold Price Compared To Nearby Cities

Port Salerno-Hobe Sound
+12.0%
Jupiter
+11.4%
Tequesta
+4.7%

Housing Supply in Tequesta, FL

How many homes are available in Tequesta, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
109111+1.8%

Summary: The Tequesta real estate market had 111 homes for sale in May 2024, a 1.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 3136
+16.1%
3 5351
-3.8%
4 2118
-14.3%
5+ 23
+50.0%

Summary: The Tequesta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1320+53.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tequesta, you may be able to get a good deal. 95% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Tequesta in May 2024, up by 53.8% month-over-month. Of the 20 sold homes, 95% were sold under asking, 5% were sold at asking, and 0% were sold over asking.

Days on Market for Tequesta, FL

How long does it take to sell a home in Tequesta, FL?

Average Sale Time

May 2023May 2024CHANGE
48 Days50 Days+4.4%

Summary: Homes in Tequesta had an average of 50 days on market in May 2024, up by 4.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tequesta has remained consistent over time.

Summary: During May 2024, 20 homes were sold in Tequesta; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% 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 19 Days Ago

Newest Listings in Tequesta, FL

Nearby Markets to Tequesta, FL

What housing markets are near Tequesta, FL?