$1,100,000
Land
Linda M Brennan, Listing Office: Keller Williams Realty - Welli
Is Loxahatchee Groves, 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, Loxahatchee Groves was a Seller'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
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$84,995(-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 October 2024, down 11% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $555K | $737.5K | +32.9% |
| 3 Bedrooms | $718.7K | $650K | -9.6% |
| 4 Bedrooms | $725K | $727K | 0.3% |
| 5+ Bedrooms | $1.2M | $985.5K | -21.2% |
Summary: Loxahatchee Groves housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.9%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach | $465K | $495K | +6.5% |
| Royal Palm Beach-West Jupiter | $566.9K | $599.9K | +5.8% |
| Loxahatchee | $652.8K | $669.7K | +2.6% |
| Loxahatchee Groves | $774.9K | $690K | -11.0% |
Housing Supply in Loxahatchee Groves, FL
How many homes are available in Loxahatchee Groves, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The Loxahatchee Groves real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Loxahatchee Groves housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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 October 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 146 Days | +58.0% |
Summary: Homes in Loxahatchee Groves had an average of 146 days on market in Oct 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Loxahatchee Groves are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Loxahatchee Groves; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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