$5,344 Closing Credit*
$450,000
1,417 SqFt
3 Beds
•2 Full Baths
Sarah Greenberg, Listing Office: Keller Williams Realty Jupiter
Is Tequesta, 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, Tequesta was a Seller's Market.
Key Takeaway
Tequesta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tequesta, FL
How much do homes in Tequesta, FL cost?
Median Sold Price
$813,400
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$135,900(+20.1%)
Key Takeaway
Homes in Tequesta have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Tequesta was $813,400 in October 2024, up 20.1% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279K | $230K | -17.6% |
| 2 Bedrooms | $310K | $337.5K | +8.9% |
| 3 Bedrooms | $755K | $850K | +12.6% |
| 4 Bedrooms | $1.0M | $1.3M | +35.0% |
| 5+ Bedrooms | $3.0M | $8.1M | +172.3% |
Summary: Tequesta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 172.3%.
Median Sold Price Compared To Nearby Cities
| Tequesta | $677.5K | $813.4K | +20.1% |
| Jupiter | $685.2K | $750.3K | +9.5% |
| Port Salerno-Hobe Sound | $469.8K | $499.9K | +6.4% |
Housing Supply in Tequesta, FL
How many homes are available in Tequesta, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 78 | +4.0% |
Summary: The Tequesta real estate market had 78 homes for sale in October 2024, a 4.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tequesta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tequesta, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Tequesta in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Tequesta, FL
How long does it take to sell a home in Tequesta, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 92 Days | +144.9% |
Summary: Homes in Tequesta had an average of 92 days on market in Oct 2024, up by 144.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tequesta are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Tequesta; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
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