$10,000 Closing Credit*
$1,250,000
2,520 SqFt
4 Beds
•2 Full Baths, 1 Partial
Stephen Eaton Jr., Listing Office: Stephen Eaton R.E. Broker
Is Palm Beach Gardens, 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, Palm Beach Gardens was a Seller's Market.
Key Takeaway
Palm Beach Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palm Beach Gardens, FL
How much do homes in Palm Beach Gardens, FL cost?
Median Sold Price
$717,125
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,332(+7.5%)
Key Takeaway
Homes in Palm Beach Gardens have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Palm Beach Gardens was $717,125 in October 2024, up 7.5% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $256.2K | +4.6% |
| 2 Bedrooms | $389.6K | $400K | +2.6% |
| 3 Bedrooms | $665K | $710K | +6.8% |
| 4 Bedrooms | $1.1M | $1.2M | +12.6% |
| 5+ Bedrooms | $1.8M | $2.0M | +15.3% |
Summary: Palm Beach Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| North Palm Beach | $486.3K | $571K | +17.4% |
| Jupiter | $685.2K | $750.3K | +9.5% |
| Lake Park | $375K | $410K | +9.3% |
| Palm Beach Gardens | $666.7K | $717.1K | +7.5% |
| Riviera Beach | $408.4K | $397.5K | -2.7% |
Housing Supply in Palm Beach Gardens, FL
How many homes are available in Palm Beach Gardens, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 790 | 857 | +8.5% |
Summary: The Palm Beach Gardens real estate market had 857 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 17 | +54.5% |
| 2 Bedrooms | 210 | 233 | +11.0% |
| 3 Bedrooms | 340 | 375 | +10.3% |
| 4 Bedrooms | 132 | 130 | -1.5% |
| 5+ Bedrooms | 97 | 102 | +5.2% |
Summary: The Palm Beach Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 116 | +43.2% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Beach Gardens, you may be able to get a good deal. 90.5% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Palm Beach Gardens in October 2024, up by 43.2% month-over-month. Of the 116 sold homes, 91% were sold under asking, 7% were sold at asking, and 3% were sold over asking.
Days on Market for Palm Beach Gardens, FL
How long does it take to sell a home in Palm Beach Gardens, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 61 Days | +36.4% |
Summary: Homes in Palm Beach Gardens had an average of 61 days on market in Oct 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Beach Gardens are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 116 homes were sold in Palm Beach Gardens; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.