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 seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Western Community, FL cost?

Median Sold Price

$572,486

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$137,506(+31.6%)

Key Takeaway

Homes in Western Community have sold for 31.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 -$280K
N/A
2 $203K$375K
+84.7%
3 $375K$482.3K
+28.6%
4 $500K$650K
+30.0%
5+ $625K$857.6K
+37.2%

Median Sold Price Compared To Nearby Cities

Western Community
+31.6%
Loxahatchee
+29.5%
West Palm Beach
+26.4%
Palm Beach Gardens
+21.1%
Royal Palm Beach-West Jupiter
+20.5%

How many homes are available in Western Community, FL?

Number of Homes For Sale

Apr 2022May 2022%
188195+3.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 88
0.0%
3 8794
+8.0%
4 6869
+1.5%
5+ 2524
-4.0%

Number of Homes Sold

Apr 2022May 2022%
50500.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Western Community, you could pay more than the asking price. 46% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
38 Days16 Days-56.7%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Western Community, FL

Western Community, FL has 195 homes on the market. The number of listings in Western Community, FL increased by 3.7% between April 2022 and May 2022. Listings spent 16 days on the market in May 2022, and had a median list price of $572,486 during the same period. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 84.7%, 3 bedrooms properties prices increased by 28.6%, the cost of 4 bedrooms properties went up by 30%, prices of 5 bedrooms properties increased by 37.2%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 8%, the quantity of 4 bedrooms homes went up by 1.5%, 5 bedrooms homes became 4% less available. In May 2022 more than 23 listings in Western Community, FL were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 16 were sold below.

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