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Published December 2024*
| Location: |
Area 5300 |
| Price Range: |
$800,000 - No Limit |
| SQFT Range: |
1800 - No Limit |
| Property Types: |
Residential - Single Family Homes and Condo/Coop/Villa/Twnhse Combined - All Properties - All Properties - All Properties |
| Bedrooms: |
0 - No Limit |
| Full Baths: |
0 - No Limit |
| Half Baths: |
0 - No Limit |
| Year Built: |
0 - No Limit |
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 Prepared for you by: Laura Cole & Tana Gaskill
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Number of Homes For Sale vs. Sold vs. Pended (Sep. 2023 - Nov. 2024)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Nov. 24 | Oct. 24 | % Change | Nov. 24 | Nov. 23 | % Change | Sep. 24 to Nov. 24 | Sep. 23 to Nov. 23 | % Change | | For Sale | 11 | 15 | -26.7%  | 11 | 25 | -56% | 11 | 25 | -56% | | Sold | 1 | 3 | -66.7% | 1 | 5 | -80% | 5 | 18 | -72.2% | | Pended | 6 | 4 | 50%  | 6 | 3 | 100% | 14 | 16 | -12.5% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 12/1/24 - 12/12/24 | 11/1/24 - 11/12/24 | % Change | 12/1/24 - 12/12/24 | 12/1/23 - 12/12/23 | % Change | 1/1/24 - 12/12/24 | 1/1/23 - 12/12/23 | % Change | | For Sale | 9 | 13 | -30.8% | 9 | 28 | -67.9% | 9 | 28 | -67.9% | | Sold | 5 | 1 | 400% | 5 | 1 | 400% | 72 | 69 | 4.3% | | Pended | 4 | 2 | 100% | 4 | 3 | 33.3% | 76 | 74 | 2.7% |
November 2024 was a Buyer's market**
Home For Sale in November 2024 was 11 units. It was down 26.7% compared to last month and down 56% compared to last year.
Home Closed in November 2024 was 1 units. It was down 66.7% compared to last month and down 80% compared to last year.
Home Placed under Contract in November 2024 was 6 units. It was up 50% compared to last month and up 100% compared to last year.
**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.
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Average Price per SQFT (Sold) (Sep. 2023 - Nov. 2024)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Nov. 24 | Oct. 24 | % Change | Nov. 24 | Nov. 23 | % Change | Sep. 24 to Nov. 24 | Sep. 23 to Nov. 23 | % Change | | Avg. Sq. Ft. Price (Sold) | 594 | 411 | 44.5% | 594 | 484 | 22.7% | 517 | 487 | 6.2% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 12/1/24 - 12/12/24 | 11/1/24 - 11/12/24 | % Change | 12/1/24 - 12/12/24 | 12/1/23 - 12/12/23 | % Change | 1/1/24 - 12/12/24 | 1/1/23 - 12/12/23 | % Change | | Avg. Sq. Ft. Price (Sold) | 500 | 594 | -15.8% | 500 | 779 | -35.8% | 545 | 538 | 1.3% |
November 2024 Average Sold Price per Square Footage was Neutral**
Average Sold Price per Square Footage in November 2024 was $594. It was up 44.5% compared to last month and up 22.7% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
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Avg Days On Market & SP/Orig LP % (Sep. 2023 - Nov. 2024)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Nov. 24 | Oct. 24 | % Change | Nov. 24 | Nov. 23 | % Change | Sep. 24 to Nov. 24 | Sep. 23 to Nov. 23 | % Change | | Avg Days on Market | 8 | 16 | -50% | 8 | 40 | -80% | 35 | 30 | 16.7% | | Sold/Orig LP Diff. % | 76 | 93 | -18.3% | 76 | 88 | -13.6% | 88 | 92 | -4.3% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 12/1/24 - 12/12/24 | 11/1/24 - 11/12/24 | % Change | 12/1/24 - 12/12/24 | 12/1/23 - 12/12/23 | % Change | 1/1/24 - 12/12/24 | 1/1/23 - 12/12/23 | % Change | | Avg Days on Market | 60 | 8 | 650% | 60 | 77 | -22.1% | 44 | 37 | 18.9% | | Sold/Orig LP Diff. % | 80 | 76 | 5.3% | 80 | 96 | -16.7% | 87 | 92 | -5.4% |
November 2024 Average Days on Market trend was Falling**
Average Days on Market in November 2024 was 8. It was down 50% compared to last month and down 80% compared to last year.
November 2024 Sold/Original List Price Ratio was Falling**
Sold/Original List Price % in November 2024 was 76%. It was down 18.3% compared to last month and down 13.6% compared to last year.
**Based on 6 month trend - Rising/Falling/Remains Steady.
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Average Price of For Sale and Sold (Sep. 2023 - Nov. 2024)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Nov. 24 | Oct. 24 | % Change | Nov. 24 | Nov. 23 | % Change | Sep. 24 to Nov. 24 | Sep. 23 to Nov. 23 | % Change | | Avg. Active Price | 2,532 | 2,153 | 17.6% | 2,532 | 2,141 | 18.3% | 2,073 | 2,041 | 1.6% | | Avg. Sold Price | 1,828 | 1,088 | 68% | 1,828 | 1,193 | 53.2% | 1,528 | 1,391 | 9.8% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 12/1/24 - 12/12/24 | 11/1/24 - 11/12/24 | % Change | 12/1/24 - 12/12/24 | 12/1/23 - 12/12/23 | % Change | 1/1/24 - 12/12/24 | 1/1/23 - 12/12/23 | % Change | | Avg. Active Price | 2,686 | 2,383 | 12.7% | 2,686 | 2,259 | 18.9% | 2,686 | 2,259 | 18.9% | | Avg. Sold Price | 1,431 | 1,828 | -21.7% | 1,431 | 2,850 | -49.8% | 1,714 | 1,678 | 2.1% |
November 2024 Average For Sale Price was Appreciating**
Average For Sale Price (in thousand) in November 2024 was $2532. It was up 17.6% compared to last month and up 18.3% compared to last year.
November 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in November 2024 was $1828. It was up 68% compared to last month and up 53.2% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
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Months of Inventory Based on Closed Sales (Sep. 2023 - Nov. 2024)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Nov. 24 | Oct. 24 | % Change | Nov. 24 | Nov. 23 | % Change | Sep. 24 to Nov. 24 | Sep. 23 to Nov. 23 | % Change | | Months of Inventory (Closed Sales) | 11 | 5 | 120% | 11 | 5 | 120% | 6.6 | 4.2 | 57.6% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 12/1/24 - 12/12/24 | 11/1/24 - 11/12/24 | % Change | 12/1/24 - 12/12/24 | 12/1/23 - 12/12/23 | % Change | 1/1/24 - 12/12/24 | 1/1/23 - 12/12/23 | % Change | | Months of Inventory (Closed Sales) | 0.7 | 5.2 | -86.5% | 0.7 | 10.8 | -93.2% | 1.4 | 4.5 | -68.2% |
November 2024 was a Buyer's market**
Months of Inventory based on Closed Sales in November 2024 was 11. It was up 120% compared to last month and up 120% compared to last year.
**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.
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| Date | 9/23 | 10/23 | 11/23 | 12/23 | 1/24 | 2/24 | 3/24 | 4/24 | 5/24 | 6/24 | 7/24 | 8/24 | 9/24 | 10/24 | 11/24 | | For Sale | 20 | 20 | 25 | 28 | 20 | 24 | 20 | 16 | 17 | 12 | 11 | 14 | 15 | 15 | 11 | | New Listing | 12 | 10 | 14 | 7 | 7 | 15 | 11 | 10 | 7 | 1 | 9 | 7 | 6 | 4 | 5 | | Sold | 10 | 3 | 5 | 6 | 5 | 7 | 18 | 5 | 6 | 5 | 10 | 6 | 1 | 3 | 1 | | Pended | 7 | 6 | 3 | 8 | 11 | 7 | 12 | 8 | 7 | 3 | 6 | 4 | 4 | 4 | 6 | | Months of Inventory (Closed Sales) | 2 | 6.7 | 5 | 4.7 | 4 | 3.4 | 1.1 | 3.2 | 2.8 | 2.4 | 1.1 | 2.3 | 15 | 5 | 11 | | Months of Inventory (Pended Sales) | 2.9 | 3.3 | 8.3 | 3.5 | 1.8 | 3.4 | 1.7 | 2 | 2.4 | 4 | 1.8 | 3.5 | 3.8 | 3.8 | 1.8 | | Absorption Rate (Closed Sales) % | 50 | 15 | 20 | 21.4 | 25 | 29.2 | 90 | 31.3 | 35.3 | 41.7 | 90.9 | 42.9 | 6.7 | 20 | 9.1 | | Absorption Rate (Pended Sales) % | 35 | 30 | 12 | 28.6 | 55 | 29.2 | 60 | 50 | 41.2 | 25 | 54.5 | 28.6 | 26.7 | 26.7 | 54.5 | | Avg. Active Price | 2,004 | 1,952 | 2,141 | 2,259 | 2,295 | 2,085 | 1,964 | 2,322 | 2,226 | 2,448 | 1,805 | 1,827 | 1,656 | 2,153 | 2,532 | | Avg. Sold Price | 1,558 | 1,165 | 1,193 | 1,513 | 2,241 | 1,739 | 1,526 | 1,313 | 1,677 | 1,997 | 1,557 | 2,591 | 2,550 | 1,088 | 1,828 | | Avg. Sq. Ft. Price (Sold) | 500 | 451 | 484 | 507 | 616 | 536 | 516 | 423 | 561 | 601 | 562 | 610 | 758 | 411 | 594 | | Sold/List Diff. % | 95 | 95 | 89 | 92 | 90 | 94 | 92 | 99 | 86 | 92 | 94 | 90 | 91 | 93 | 76 | | Sold/Orig LP Diff. % | 93 | 94 | 88 | 88 | 90 | 87 | 88 | 92 | 83 | 87 | 92 | 84 | 85 | 93 | 76 | | Avg Days on Market | 18 | 53 | 40 | 90 | 41 | 41 | 32 | 68 | 39 | 49 | 35 | 77 | 117 | 16 | 8 | | Median Active Price | 1,600 | 1,700 | 1,750 | 1,968 | 2,145 | 1,400 | 1,350 | 2,265 | 1,590 | 2,224 | 1,599 | 1,200 | 1,300 | 1,498 | 2,295 | | Median Sold Price | 1,385 | 865 | 1,273 | 1,268 | 1,700 | 1,625 | 1,348 | 1,300 | 1,100 | 2,150 | 1,275 | 2,777 | 2,550 | 1,165 | 1,828 |
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*All reports are published December 2024, based on data available at the end of November 2024, except for the today’s stats. This representation is based in whole or in part on data supplied by Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, and St. Lucie Association of Realtors. Neither the Board nor its MLS guarantees or Neither the Boards nor its MLS guarantees or is in any way responsibles for its accuracy. Data maintained by the Board or its MLSs may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
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