$6,500,000
3,748 SqFt
4 Beds
•3 Full Baths
David G Reback, Listing Office: Reback Realty, Inc
Is North Palm Beach, 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, North Palm Beach was a Neutral Market.
Key Takeaway
North Palm Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Palm Beach, FL
How much do homes in North Palm Beach, FL cost?
Median Sold Price
$549,933
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,933(+12.2%)
Key Takeaway
Homes in North Palm Beach have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in North Palm Beach was $549,933 in November 2024, up 12.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | $200.7K | -3.5% |
| 2 Bedrooms | $385K | $370.5K | -3.8% |
| 3 Bedrooms | $770K | $765K | -0.6% |
| 4 Bedrooms | $1.0M | $1.4M | +42.0% |
| 5+ Bedrooms | $5.7M | $5.3M | -7.5% |
Summary: North Palm Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 42%, and 5+ bedroom homes decreased by 7.5%.
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 North Palm Beach, FL
How many homes are available in North Palm Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 263 | 284 | +8.0% |
Summary: The North Palm Beach real estate market had 284 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 29 | +16.0% |
| 2 Bedrooms | 121 | 127 | +5.0% |
| 3 Bedrooms | 66 | 70 | +6.1% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The North Palm Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 16 | -42.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Palm Beach, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in North Palm Beach in November 2024, down by 42.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.
Days on Market for North Palm Beach, FL
How long does it take to sell a home in North Palm Beach, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 119 Days | +94.3% |
Summary: Homes in North Palm Beach had an average of 119 days on market in Nov 2024, up by 94.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Palm Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in North Palm Beach; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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