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 May 2023
At the same time last year, Royal Palm Beach-West Jupiter was a Seller's Market.
Key Takeaway
Royal Palm Beach-West Jupiter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Royal Palm Beach-West Jupiter, FL
How much do homes in Royal Palm Beach-West Jupiter, FL cost?
Median Sold Price
$599,666
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Royal Palm Beach-West Jupiter have sold for 13% more than they did a year ago.
Summary: The median home sold price in Royal Palm Beach-West Jupiter was $599,666 in May 2024, up 13% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $310K | $345.6K | +11.5% |
| 3 Bedrooms | $524.9K | $574.1K | +9.4% |
| 4 Bedrooms | $713.5K | $767.2K | +7.5% |
| 5+ Bedrooms | $885K | $985.5K | +11.4% |
Summary: Royal Palm Beach-West Jupiter housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 11.4%.
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% |
| Loxahatchee | $633.1K | $673.1K | +6.3% |
| Western Community | $620K | $649.9K | +4.8% |
| Loxahatchee Groves | $775K | $756.2K | -2.4% |
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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,209 | 1,263 | +4.5% |
Summary: The Royal Palm Beach-West Jupiter real estate market had 1,263 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 35 | +29.6% |
| 2 Bedrooms | 264 | 272 | +3.0% |
| 3 Bedrooms | 477 | 507 | +6.3% |
| 4 Bedrooms | 296 | 297 | 0.3% |
| 5+ Bedrooms | 145 | 152 | +4.8% |
Summary: The Royal Palm Beach-West Jupiter housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 207 | 180 | -13.0% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royal Palm Beach-West Jupiter, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.
Summary: A total of 180 homes were sold or pending in Royal Palm Beach-West Jupiter in May 2024, down by 13.0% month-over-month. Of the 180 sold homes, 74% were sold under asking, 15% were sold at asking, and 11% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 47 Days | -0.5% |
Summary: Homes in Royal Palm Beach-West Jupiter had an average of 47 days on market in May 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Royal Palm Beach-West Jupiter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 180 homes were sold in Royal Palm Beach-West Jupiter; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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