Is Village of North Palm Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Village of North Palm Beach has remained a Neutral Market.
Housing Prices in Village of North Palm Beach, FL
How much do homes in Village of North Palm Beach, FL cost?
Median Sold Price
$539,999
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Village of North Palm Beach was $539,999 in April 2024, up 10.8% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.5K | $190K | -4.8% |
2 Bedrooms | $412.3K | $424.1K | +2.9% |
3 Bedrooms | $548.4K | $610K | +11.2% |
4 Bedrooms | $735K | $2.3M | +221.4% |
5+ Bedrooms | $4.7M | $3.0M | -37.4% |
Summary: Village of North Palm Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 221.4%, and 5+ bedroom homes decreased by 37.4%.
Housing Supply in Village of North Palm Beach, FL
How many homes are available in Village of North Palm Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Village of North Palm Beach real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Village of North Palm Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Village of North Palm Beach in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Village of North Palm Beach, FL
How long does it take to sell a home in Village of North Palm Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 89 Days | +12.3% |
Summary: Homes in Village of North Palm Beach had an average of 89 days on market in Apr 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Village of North Palm Beach; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.