Is Royal Palm Beach-West Jupiter, 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, Royal Palm Beach-West Jupiter was a Seller's Market.
Housing Prices in Royal Palm Beach-West Jupiter, FL
How much do homes in Royal Palm Beach-West Jupiter, FL cost?
Median Sold Price
$592,715
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Royal Palm Beach-West Jupiter was $592,715 in April 2024, up 11.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.9K | $141K | +11.1% |
2 Bedrooms | $306K | $342.5K | +11.9% |
3 Bedrooms | $527.9K | $567K | +7.4% |
4 Bedrooms | $712.5K | $764.4K | +7.3% |
5+ Bedrooms | $865K | $1.0M | +17.1% |
Summary: Royal Palm Beach-West Jupiter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Palm Beach Gardens | $631.4K | $715.4K | +13.3% |
Royal Palm Beach-West Jupiter | $533.4K | $592.7K | +11.1% |
Loxahatchee Groves | $760K | $810K | +6.6% |
Loxahatchee | $635.8K | $672.1K | +5.7% |
Western Community | $620K | $645.1K | +4.0% |
Housing Supply in Royal Palm Beach-West Jupiter, FL
How many homes are available in Royal Palm Beach-West Jupiter, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,173 | 1,255 | +7.0% |
Summary: The Royal Palm Beach-West Jupiter real estate market had 1,255 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 26 | +23.8% |
2 Bedrooms | 252 | 273 | +8.3% |
3 Bedrooms | 464 | 492 | +6.0% |
4 Bedrooms | 289 | 311 | +7.6% |
5+ Bedrooms | 147 | 153 | +4.1% |
Summary: The Royal Palm Beach-West Jupiter housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
190 | 192 | +1.1% |
Asking Price vs. Sold Price
149 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 192 homes were sold or pending in Royal Palm Beach-West Jupiter in April 2024, up by 1.1% month-over-month. Of the 192 sold homes, 78% were sold under asking, 16% were sold at asking, and 7% were sold over asking.
Days on Market for Royal Palm Beach-West Jupiter, FL
How long does it take to sell a home in Royal Palm Beach-West Jupiter, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 54 Days | +9.4% |
Summary: Homes in Royal Palm Beach-West Jupiter had an average of 54 days on market in Apr 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During April 2024, 192 homes were sold in Royal Palm Beach-West Jupiter; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.