Is Western Community, 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, Western Community was a Seller's Market.
Key Takeaway
Western Community is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Western Community, FL
How much do homes in Western Community, FL cost?
Median Sold Price
$649,991
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Western Community have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Western Community was $649,991 in May 2024, up 4.8% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415K | $470K | +13.3% |
| 3 Bedrooms | $563.7K | $590K | +4.7% |
| 4 Bedrooms | $690K | $725K | +5.1% |
| 5+ Bedrooms | $855K | $876K | +2.5% |
Summary: Western Community 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 increased by 13.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach-West Jupiter | $530.5K | $599.6K | +13.0% |
| Palm Beach Gardens | $638.4K | $709.8K | +11.2% |
| West Palm Beach | $360.1K | $394.6K | +9.6% |
| Loxahatchee | $633.1K | $673.1K | +6.3% |
| Western Community | $620K | $649.9K | +4.8% |
Housing Supply in Western Community, FL
How many homes are available in Western Community, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 236 | +7.8% |
Summary: The Western Community real estate market had 236 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 105 | 106 | +1.0% |
| 4 Bedrooms | 80 | 89 | +11.3% |
| 5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Western Community 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 increased by 16.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 39 | +44.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western Community, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Western Community in May 2024, up by 44.4% month-over-month. Of the 39 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 44 Days | -14.8% |
Summary: Homes in Western Community had an average of 44 days on market in May 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Western Community are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 39 homes were sold in Western Community; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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