$3,717 Closing Credit*
$313,000
936 SqFt
2 Beds
•2 Full Baths
Catalina Marin Fuenzalida, Listing Office: Avanti Way Realty LLC
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 December 2023
Since last year, North Palm Beach has remained a Buyer's 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
$559,333
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$64,333(+13.0%)
Key Takeaway
Homes in North Palm Beach have sold for 13% more than they did a year ago.
Summary: The median home sold price in North Palm Beach was $559,333 in December 2024, up 13% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | $200K | -4.1% |
| 2 Bedrooms | $385K | $370K | -3.9% |
| 3 Bedrooms | $725K | $772.5K | +6.6% |
| 4 Bedrooms | $1.1M | $1.3M | +15.7% |
| 5+ Bedrooms | $5.8M | $5.3M | -9.0% |
Summary: North Palm Beach housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| North Palm Beach | $495K | $559.3K | +13.0% |
| Palm Beach Gardens | $679.5K | $717.2K | +5.5% |
| Lake Park | $395K | $410K | +3.8% |
| Riviera Beach | $401.2K | $400.4K | -0.2% |
Housing Supply in North Palm Beach, FL
How many homes are available in North Palm Beach, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 263 | 291 | +10.6% |
Summary: The North Palm Beach real estate market had 291 homes for sale in December 2024, a 10.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 35 | +25.0% |
| 2 Bedrooms | 112 | 119 | +6.3% |
| 3 Bedrooms | 69 | 74 | +7.2% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The North Palm Beach housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Palm Beach, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in North Palm Beach in December 2024, down by 11.1% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 59 Days | 91 Days | +53.9% |
Summary: Homes in North Palm Beach had an average of 91 days on market in Dec 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Palm Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 16 homes were sold in North Palm Beach; 31% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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