Is Western Community, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Western Community is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Western Community was a Seller's Market.

Key Takeaway

Western Community is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Western Community, FL

How much do homes in Western Community, FL cost?

Median Sold Price

$636,666

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,166(+1.8%)

Key Takeaway

Homes in Western Community have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Western Community was $636,666 in February 2024, up 1.8% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $439.9K$455K
+3.4%
3 $565K$575K
+1.8%
4 $700K$695K
-0.7%
5+ $1.0M$805K
-19.5%

Summary: Western Community housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 19.5%.

Median Sold Price Compared To Nearby Cities

Palm Beach Gardens
+15.5%
Royal Palm Beach-West Jupiter
+8.5%
Loxahatchee
+3.6%
Western Community
+1.8%
West Palm Beach
0.2%

Housing Supply in Western Community, FL

How many homes are available in Western Community, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
186224+20.4%

Summary: The Western Community real estate market had 224 homes for sale in February 2024, a 20.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 7896
+23.1%
4 7088
+25.7%
5+ 3131
0.0%

Summary: The Western Community housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1831+72.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Western Community, you may be able to get a good deal. 93.5% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Western Community in February 2024, up by 72.2% month-over-month. Of the 31 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.

Days on Market for Western Community, FL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
67 Days60 Days-10.7%

Summary: Homes in Western Community had an average of 60 days on market in Feb 2024, down by 10.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Western Community are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 31 homes were sold in Western Community; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 23% 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 28 Days Ago

Newest Listings in Western Community, FL

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