$4,600,000
2,344 SqFt
2 Beds
•2 Full Baths, 2 Partial
William Volpe, Listing Office: Serhant
Is Lake Park / Kelsey City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lake Park / Kelsey City was a Seller's Market.
Key Takeaway
Lake Park / Kelsey City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Park / Kelsey City, FL
How much do homes in Lake Park / Kelsey City, FL cost?
Median Sold Price
$410,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+9.3%)
Key Takeaway
Homes in Lake Park / Kelsey City have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Lake Park / Kelsey City was $410,000 in October 2024, up 9.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $165.1K | +17.9% |
| 2 Bedrooms | $337.5K | $332.5K | -1.5% |
| 3 Bedrooms | $411K | $449K | +9.2% |
| 4 Bedrooms | $540K | $517.5K | -4.2% |
| 5+ Bedrooms | $508K | $575K | +13.2% |
Summary: Lake Park / Kelsey City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Village of North Palm Beach | $520K | $604K | +16.1% |
| Lake Park / Kelsey City | $375K | $410K | +9.3% |
Housing Supply in Lake Park / Kelsey City, FL
How many homes are available in Lake Park / Kelsey City, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The Lake Park / Kelsey City real estate market had 56 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 32 | 33 | +3.1% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Park / Kelsey City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
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 Lake Park / Kelsey City, 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 Lake Park / Kelsey City in October 2024, up by 40.0% 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 Lake Park / Kelsey City, FL
How long does it take to sell a home in Lake Park / Kelsey City, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 68 Days | +5.5% |
Summary: Homes in Lake Park / Kelsey City had an average of 68 days on market in Oct 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Park / Kelsey City has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Lake Park / Kelsey City; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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