Is Hypoluxo, 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, Hypoluxo was a Seller's Market.
Key Takeaway
Hypoluxo 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 Hypoluxo, FL
How much do homes in Hypoluxo, FL cost?
Median Sold Price
$375,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hypoluxo have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Hypoluxo was $375,000 in May 2024, down 4.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $269.9K | N/A |
| 2 Bedrooms | $330K | $305K | -7.6% |
| 3 Bedrooms | $530K | $535K | +0.9% |
| 4 Bedrooms | $727.5K | - | N/A |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: Hypoluxo 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 7.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lantana | $350K | $386K | +10.3% |
| Boynton Beach | $382.4K | $411.6K | +7.6% |
| Boynton Beach-Delray Beach | $375.7K | $391.3K | +4.1% |
| Hypoluxo | $392.5K | $375K | -4.5% |
Housing Supply in Hypoluxo, FL
How many homes are available in Hypoluxo, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Hypoluxo real estate market had 45 homes for sale in May 2024, a 9.8% increase 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 | 29 | 31 | +6.9% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hypoluxo 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 6.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hypoluxo, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hypoluxo in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Hypoluxo, FL
How long does it take to sell a home in Hypoluxo, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 96 Days | +155.1% |
Summary: Homes in Hypoluxo had an average of 96 days on market in May 2024, up by 155.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hypoluxo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Hypoluxo; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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