Is Tequesta, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tequesta has remained a Seller's Market.
Housing Prices in Tequesta, FL
How much do homes in Tequesta, FL cost?
Median Sold Price
$710,000
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tequesta was $710,000 in May 2024, up 4.7% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $270K | +1.9% |
2 Bedrooms | $320K | $323.5K | +1.1% |
3 Bedrooms | $734.5K | $777.5K | +5.9% |
4 Bedrooms | $1.0M | $1.1M | +18.8% |
5+ Bedrooms | $3.0M | $7.2M | +140.0% |
Summary: Tequesta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 140%.
Median Sold Price Compared To Nearby Cities
Port Salerno-Hobe Sound | $448.6K | $502.6K | +12.0% |
Jupiter | $671.1K | $747.4K | +11.4% |
Tequesta | $678K | $710K | +4.7% |
Housing Supply in Tequesta, FL
How many homes are available in Tequesta, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 111 | +1.8% |
Summary: The Tequesta real estate market had 111 homes for sale in May 2024, a 1.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 36 | +16.1% |
3 Bedrooms | 53 | 51 | -3.8% |
4 Bedrooms | 21 | 18 | -14.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tequesta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Tequesta in May 2024, up by 53.8% month-over-month. Of the 20 sold homes, 95% were sold under asking, 5% were sold at asking, and 0% were sold over asking.
Days on Market for Tequesta, FL
How long does it take to sell a home in Tequesta, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 50 Days | +4.4% |
Summary: Homes in Tequesta had an average of 50 days on market in May 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Tequesta; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.