Is Royal Palm Beach-West Jupiter, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Royal Palm Beach-West Jupiter is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Royal Palm Beach-West Jupiter was a Seller's Market.

Key Takeaway

Royal Palm Beach-West Jupiter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Royal Palm Beach-West Jupiter, FL

How much do homes in Royal Palm Beach-West Jupiter, FL cost?

Median Sold Price

$599,473

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,122(+5.3%)

Key Takeaway

Homes in Royal Palm Beach-West Jupiter have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Royal Palm Beach-West Jupiter was $599,473 in November 2024, up 5.3% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $133.5K$140K
+4.9%
2 $326.5K$343.5K
+5.2%
3 $547.7K$589.9K
+7.7%
4 $750.5K$760K
+1.3%
5+ $939K$996.5K
+6.1%

Summary: Royal Palm Beach-West Jupiter housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Royal Palm Beach-West Jupiter
+5.3%
Western Community
+5.3%
Palm Beach Gardens
+4.6%
Loxahatchee
+1.8%
Loxahatchee Groves
-11.0%

Housing Supply in Royal Palm Beach-West Jupiter, FL

How many homes are available in Royal Palm Beach-West Jupiter, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,1781,233+4.7%

Summary: The Royal Palm Beach-West Jupiter real estate market had 1,233 homes for sale in November 2024, a 4.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2934
+17.2%
2 270284
+5.2%
3 486502
+3.3%
4 258265
+2.7%
5+ 135148
+9.6%

Summary: The Royal Palm Beach-West Jupiter housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 9.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
150126-16.0%

Asking Price vs. Sold Price

100 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Royal Palm Beach-West Jupiter, you may be able to get a good deal. 79.4% of homes here sold below asking price last month.

Summary: A total of 126 homes were sold or pending in Royal Palm Beach-West Jupiter in November 2024, down by 16.0% month-over-month. Of the 126 sold homes, 79% were sold under asking, 15% were sold at asking, and 6% were sold over asking.

Days on Market for Royal Palm Beach-West Jupiter, FL

How long does it take to sell a home in Royal Palm Beach-West Jupiter, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days57 Days+47.9%

Summary: Homes in Royal Palm Beach-West Jupiter had an average of 57 days on market in Nov 2024, up by 47.9% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Royal Palm Beach-West Jupiter are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 126 homes were sold in Royal Palm Beach-West Jupiter; 44% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Royal Palm Beach-West Jupiter, FL

Nearby Markets to Royal Palm Beach-West Jupiter, FL

What housing markets are near Royal Palm Beach-West Jupiter, FL?