Is Western Community, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Western Community was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $439.9K | $455K | +3.4% |
3 Bedrooms | $565K | $575K | +1.8% |
4 Bedrooms | $700K | $695K | -0.7% |
5+ Bedrooms | $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 | $606.3K | $700.1K | +15.5% |
Royal Palm Beach-West Jupiter | $532.2K | $577.4K | +8.5% |
Loxahatchee | $637K | $660K | +3.6% |
Western Community | $625.5K | $636.6K | +1.8% |
West Palm Beach | $379.4K | $380.1K | 0.2% |
Housing Supply in Western Community, FL
How many homes are available in Western Community, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
186 | 224 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 78 | 96 | +23.1% |
4 Bedrooms | 70 | 88 | +25.7% |
5+ Bedrooms | 31 | 31 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 31 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 60 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
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.