Is Loxahatchee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Loxahatchee has remained a Seller's Market.
Key Takeaway
Loxahatchee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Loxahatchee, FL
How much do homes in Loxahatchee, FL cost?
Median Sold Price
$673,113
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Loxahatchee have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Loxahatchee was $673,113 in May 2024, up 6.3% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $555K | $596K | +7.4% |
| 3 Bedrooms | $567.5K | $590.7K | +4.1% |
| 4 Bedrooms | $700K | $725K | +3.6% |
| 5+ Bedrooms | $818.4K | $855.9K | +4.6% |
Summary: Loxahatchee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Royal Palm Beach-West Jupiter | $530.5K | $599.6K | +13.0% |
| Royal Palm Beach | $460K | $490.1K | +6.5% |
| Loxahatchee | $633.1K | $673.1K | +6.3% |
| Western Community | $620K | $649.9K | +4.8% |
| Loxahatchee Groves | $775K | $756.2K | -2.4% |
Housing Supply in Loxahatchee, FL
How many homes are available in Loxahatchee, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 312 | 354 | +13.5% |
Summary: The Loxahatchee real estate market had 354 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 125 | 146 | +16.8% |
| 4 Bedrooms | 120 | 136 | +13.3% |
| 5+ Bedrooms | 49 | 54 | +10.2% |
Summary: The Loxahatchee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 70 | +84.2% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Loxahatchee, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Loxahatchee in May 2024, up by 84.2% month-over-month. Of the 70 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% were sold over asking.
Days on Market for Loxahatchee, FL
How long does it take to sell a home in Loxahatchee, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 40 Days | +2.3% |
Summary: Homes in Loxahatchee had an average of 40 days on market in May 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Loxahatchee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 70 homes were sold in Loxahatchee; 60% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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