89 new real estate properties in West Palm Beach, Florida have been added to Ofirio in the last 7 days.
Of those new properties:
West Palm Beach, Florida has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 4% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 6%. Homes in West Palm Beach, Florida are on the market for 85 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 5 Beds segment and it is 191% ($1,385,833) more than the week prior.
The average closing price for real estate in West Palm Beach Florida has fallen by 18% from the last week, which amounted to $905,744.
As of January 2023 West Palm Beach, FL is a seller market which means homes sell faster at a higher price. In January 2023, 42 homes (20.0%) sold at asking price, 151 homes (71.9%) sold below asking price, and 17 homes (8.1%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 14.6% from $260,000 in January 2022 to $298,000 in January 2023. The number of homes sold in West Palm Beach, FL has decreased by 41.0% over the last year from 307 in January 2022 to 181 homes in January 2023.
Homes in West Palm Beach, FL have sold for 8.7% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $223.