$3,919 Closing Credit*
$330,000
1,152 SqFt
3 Beds
•2 Full Baths
Kevin M Spina, Listing Office: The Keyes Company (PBG)
Is Lake Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Park has remained a Buyer's Market.
Key Takeaway
Lake Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Park, FL
How much do homes in Lake Park, FL cost?
Median Sold Price
$405,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.2%)
Key Takeaway
Homes in Lake Park have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Lake Park was $405,000 in November 2024, up 5.2% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $165.1K | +17.9% |
| 2 Bedrooms | $347.5K | $330K | -5.0% |
| 3 Bedrooms | $417.5K | $442K | +5.9% |
| 4 Bedrooms | $536K | $518K | -3.4% |
| 5+ Bedrooms | $508K | $575K | +13.2% |
Summary: Lake Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| North Palm Beach | $489.9K | $549.9K | +12.2% |
| Lake Park | $385K | $405K | +5.2% |
| Palm Beach Gardens | $680.9K | $711.9K | +4.6% |
| Riviera Beach | $404.1K | $399K | -1.3% |
Housing Supply in Lake Park, FL
How many homes are available in Lake Park, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 63 | +16.7% |
Summary: The Lake Park real estate market had 63 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 30 | 38 | +26.7% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Park in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Park, FL
How long does it take to sell a home in Lake Park, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 98 Days | +659.0% |
Summary: Homes in Lake Park had an average of 98 days on market in Nov 2024, up by 659% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Lake Park; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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