Is Loxahatchee Groves, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Loxahatchee Groves has remained a Seller's Market.
Housing Prices in Loxahatchee Groves, FL
How much do homes in Loxahatchee Groves, FL cost?
Median Sold Price
$810,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Loxahatchee Groves was $810,000 in April 2024, up 6.6% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | - | N/A |
2 Bedrooms | $740K | $788.7K | +6.6% |
3 Bedrooms | $637.5K | $720K | +12.9% |
4 Bedrooms | $774.9K | $727K | -6.2% |
5+ Bedrooms | $2.4M | $1.0M | -57.0% |
Summary: Loxahatchee Groves housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 57%.
Median Sold Price Compared To Nearby Cities
Royal Palm Beach-West Jupiter | $533.4K | $592.7K | +11.1% |
Loxahatchee Groves | $760K | $810K | +6.6% |
Royal Palm Beach | $459.9K | $490K | +6.5% |
Loxahatchee | $635.8K | $672.1K | +5.7% |
Housing Supply in Loxahatchee Groves, FL
How many homes are available in Loxahatchee Groves, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 29 | -9.4% |
Summary: The Loxahatchee Groves real estate market had 29 homes for sale in April 2024, a 9.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Loxahatchee Groves housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Loxahatchee Groves in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Loxahatchee Groves, FL
How long does it take to sell a home in Loxahatchee Groves, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 36 Days | -44.8% |
Summary: Homes in Loxahatchee Groves had an average of 36 days on market in Apr 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Loxahatchee Groves; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.