$5,581 Closing Credit*
$469,999
1,437 SqFt
3 Beds
•2 Full Baths
Michael Zeoli, Listing Office: Compass Florida, LLC.
Is Lake Worth, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lake Worth was a Seller's Market.
Key Takeaway
Lake Worth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Worth, FL
How much do homes in Lake Worth, FL cost?
Median Sold Price
$459,897
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,977(+5.0%)
Key Takeaway
Homes in Lake Worth have sold for 5% more than they did a year ago.
Summary: The median home sold price in Lake Worth was $459,897 in November 2024, up 5% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $130K | +4.0% |
| 2 Bedrooms | $232.7K | $265.7K | +14.2% |
| 3 Bedrooms | $489.7K | $484.2K | -1.1% |
| 4 Bedrooms | $650K | $656.2K | +1.0% |
| 5+ Bedrooms | $755K | $774.9K | +2.6% |
Summary: Lake Worth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Palm Beach | $1.1M | $1.2M | +15.9% |
| West Palm Beach | $374.1K | $399.4K | +6.8% |
| Lake Worth | $437.9K | $459.8K | +5.0% |
| Lake Clarke Shores | $642.5K | $650K | +1.2% |
Housing Supply in Lake Worth, FL
How many homes are available in Lake Worth, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,145 | 1,255 | +9.6% |
Summary: The Lake Worth real estate market had 1,255 homes for sale in November 2024, a 9.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 83 | +1.2% |
| 2 Bedrooms | 358 | 406 | +13.4% |
| 3 Bedrooms | 465 | 501 | +7.7% |
| 4 Bedrooms | 155 | 167 | +7.7% |
| 5+ Bedrooms | 85 | 98 | +15.3% |
Summary: The Lake Worth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 129 | 120 | -7.0% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Worth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in Lake Worth in November 2024, down by 7.0% month-over-month. Of the 120 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.
Days on Market for Lake Worth, FL
How long does it take to sell a home in Lake Worth, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 51 Days | +26.1% |
Summary: Homes in Lake Worth had an average of 51 days on market in Nov 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Worth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 120 homes were sold in Lake Worth; 43% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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