$10,000 Closing Credit*
$2,100,000
2,486 SqFt
3 Beds
•3 Full Baths
Michelle Layton, Listing Office: RE/MAX Prestige Realty/Wellington
Is Loxahatchee Groves, 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, Loxahatchee Groves has remained a Buyer's Market.
Key Takeaway
Loxahatchee Groves is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Loxahatchee Groves, FL
How much do homes in Loxahatchee Groves, FL cost?
Median Sold Price
$690,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$85,000(-11.0%)
Key Takeaway
Homes in Loxahatchee Groves have sold for 11% less than they did a year ago.
Summary: The median home sold price in Loxahatchee Groves was $690,000 in November 2024, down 11% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $666.2K | $737.5K | +10.7% |
| 3 Bedrooms | $720K | $650K | -9.7% |
| 4 Bedrooms | $680K | $727K | +6.9% |
| 5+ Bedrooms | $1.2M | $975K | -22.0% |
Summary: Loxahatchee Groves housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach | $471.9K | $499.6K | +5.9% |
| Royal Palm Beach-West Jupiter | $569.3K | $599.4K | +5.3% |
| Loxahatchee | $654.9K | $666.8K | +1.8% |
| Loxahatchee Groves | $775K | $690K | -11.0% |
Housing Supply in Loxahatchee Groves, FL
How many homes are available in Loxahatchee Groves, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The Loxahatchee Groves real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Loxahatchee Groves housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loxahatchee Groves, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Loxahatchee Groves in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Loxahatchee Groves, FL
How long does it take to sell a home in Loxahatchee Groves, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 74 Days | +236.4% |
Summary: Homes in Loxahatchee Groves had an average of 74 days on market in Nov 2024, up by 236.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Loxahatchee Groves has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Loxahatchee Groves; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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