Is Loxahatchee Groves, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Loxahatchee Groves was a Neutral Market.
Housing Prices in Loxahatchee Groves, FL
How much do homes in Loxahatchee Groves, FL cost?
Median Sold Price
$756,250
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Loxahatchee Groves was $756,250 in May 2024, down 2.4% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | - | N/A |
2 Bedrooms | $740K | $701.2K | -5.2% |
3 Bedrooms | $679K | $696.2K | +2.5% |
4 Bedrooms | $790K | $681K | -13.8% |
5+ Bedrooms | $2.4M | $1.0M | -57.9% |
Summary: Loxahatchee Groves housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 57.9%.
Median Sold Price Compared To Nearby Cities
Royal Palm Beach-West Jupiter | $530.5K | $599.6K | +13.0% |
Royal Palm Beach | $460K | $490.1K | +6.5% |
Loxahatchee | $633.1K | $673.1K | +6.3% |
Loxahatchee Groves | $775K | $756.2K | -2.4% |
Housing Supply in Loxahatchee Groves, FL
How many homes are available in Loxahatchee Groves, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Summary: The Loxahatchee Groves real estate market had 24 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Loxahatchee Groves housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Loxahatchee Groves in May 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Loxahatchee Groves, FL
How long does it take to sell a home in Loxahatchee Groves, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -5.7% |
Summary: Homes in Loxahatchee Groves had an average of 27 days on market in May 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Loxahatchee Groves; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.