Is Villages of Palm Beach Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Villages of Palm Beach Lakes was a Seller's Market.
Key Takeaway
Villages of Palm Beach Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Villages of Palm Beach Lakes, FL
How much do homes in Villages of Palm Beach Lakes, FL cost?
Median Sold Price
$285,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Villages of Palm Beach Lakes have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Villages of Palm Beach Lakes was $285,000 in April 2024, up 1.8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176K | $189.5K | +7.7% |
| 2 Bedrooms | $268K | $275K | +2.6% |
| 3 Bedrooms | $522.5K | $492.5K | -5.7% |
| 4 Bedrooms | $450K | $630K | +40.0% |
| 5+ Bedrooms | $685K | $750K | +9.5% |
Summary: Villages of Palm Beach Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in Villages of Palm Beach Lakes, FL
How many homes are available in Villages of Palm Beach Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 159 | 191 | +20.1% |
Summary: The Villages of Palm Beach Lakes real estate market had 191 homes for sale in April 2024, a 20.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 104 | 130 | +25.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Villages of Palm Beach Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Villages of Palm Beach Lakes, you may be able to get a good deal. 79.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Villages of Palm Beach Lakes in April 2024, up by 14.3% month-over-month. Of the 24 sold homes, 79% were sold under asking, 17% were sold at asking, and 4% were sold over asking.
Days on Market for Villages of Palm Beach Lakes, FL
How long does it take to sell a home in Villages of Palm Beach Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 52 Days | -7.9% |
Summary: Homes in Villages of Palm Beach Lakes had an average of 52 days on market in Apr 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Villages of Palm Beach Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in Villages of Palm Beach Lakes; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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