Palm Beach County Home Sales, Median Sale Prices Rise in May

>>Related: Zillow begins buying homes in Palm Beach County. The median price of Palm Beach County houses sold by Realtors last month was $355,013, up 1.4 percent from July 2018 but a bit below May.

 · 33418 Home Prices and Home Values. The median home value in 33418 is $405,800. 33418 home values have gone up 1.5% over the past year and Zillow predicts they will rise.

The median price of homes currently listed in Palm Beach County is $349,900 while the median price of homes that sold is $258,600. The median rent price in Palm Beach County is $2,095, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro median of $2,100.

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The median sale price for a single-family home was $168,000, up 5.7 percent from May 2017. For a condo and townhouse, the median price rose 6 percent to $355,000. Palm Beach County recorded nine additional residential closings in May compared to the previous year. Closings rose 0.28 percent to 3,197 residential sales.

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Palm Beach Single-Family Home Median Prices Continue Rising Palm Beach County single-family home prices increased 3.1%, from $354,000 to $364,900. Existing condo prices increased 5.2%, from $175,900 to $185,000. Palm Beach Distressed Sales Comprise Just 2.6% of Total Sales

Palm Beach Median Prices Rise in 2Q 2019 The median price for single-family homes in Palm Beach increased to $355,000 in 2Q 2019, a 1.4% jump from $350,000 in the same period last year. The median price for existing condominiums increased 2.5% year-over-year from $182,000 to $186,500.

Palm beach county total home sales and median sale prices increased year-over-year in May as more northern home buyers take advantage of ultra-low mortgage rates and Florida’s no state income tax, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

The Miami Association of Realtors is reporting this week that Palm Beach County single-family home sales and median prices rose in 2Q 2019. Palm Beach County single-family home sales rose 1.2% year-over-year in 2Q 2019, increasing from 5,216 to 5,276. Condo transactions declined 4.1%, from 4,173 to.

According to Palm Beach Realtors, the median sales price for a single-family home not in foreclosure or sold as a short sale was $216,000 in March, up 3 percent from last year. More detailed Palm Beach County information can be found at www.rapb.com.

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Florida Realtors® offers the most comprehensive statistics available on the Florida housing market. You‘ll find current and historical reports featuring monthly, quarterly and annual data for single family, condo/townhome and manufactured home sales.