$10,000 Closing Credit*
$875,000
2,355 SqFt
4 Beds
•3 Full Baths
Timothy P Leyendecker, Listing Office: RE/MAX Prestige Realty/RPB
Is Western Community, 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, Western Community was a Seller's Market.
Key Takeaway
Western Community is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Western Community, FL
How much do homes in Western Community, FL cost?
Median Sold Price
$669,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,025(+5.4%)
Key Takeaway
Homes in Western Community have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Western Community was $669,000 in October 2024, up 5.4% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $535K | N/A |
| 2 Bedrooms | $387.5K | $470K | +21.3% |
| 3 Bedrooms | $570K | $600K | +5.3% |
| 4 Bedrooms | $690K | $720K | +4.3% |
| 5+ Bedrooms | $835K | $1.0M | +25.7% |
Summary: Western Community housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Cities
| Palm Beach Gardens | $666.7K | $717.1K | +7.5% |
| Royal Palm Beach-West Jupiter | $566.9K | $599.9K | +5.8% |
| West Palm Beach | $374.1K | $395.6K | +5.8% |
| Western Community | $634.9K | $669K | +5.4% |
| Loxahatchee | $652.8K | $669.7K | +2.6% |
Housing Supply in Western Community, FL
How many homes are available in Western Community, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 242 | 241 | -0.4% |
Summary: The Western Community real estate market had 241 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 108 | 106 | -1.9% |
| 4 Bedrooms | 84 | 86 | +2.4% |
| 5+ Bedrooms | 41 | 43 | +4.9% |
Summary: The Western Community housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western Community, you may be able to get a good deal. 80.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Western Community in October 2024, down by 13.9% month-over-month. Of the 31 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for Western Community, FL
How long does it take to sell a home in Western Community, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 73 Days | +31.2% |
Summary: Homes in Western Community had an average of 73 days on market in Oct 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Western Community are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Western Community; 39% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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