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Saturday, November 2, 2024

Median home prices in Palm Beach Gardens (unincorporated) rose to $700,550 in May

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The median sale price of a home sold in May in Palm Beach Gardens (unincorporated) rose by $165,550 while total sales increased by 53.6 percent, according to BlockShopper.com.

In May, there were 43 homes sold, with a median sale price of $700,550 - a 30.9 percent increase over the $535,000 median sale price for the same period of the previous year. There were 28 homes sold in Palm Beach Gardens (unincorporated) in May 2021.

The median sales tax in Palm Beach Gardens (unincorporated) for the most recent year with available data, 2018, was $4,572, approximately 0.7 percent of the median home sale price for May.

The following table compares Palm Beach Gardens (unincorporated) to other Palm Beach County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Highland Beach2644-40.9$952,500$687,50038.5
North Palm Beach (unincorporated)49-55.6$845,000$2,278,752-62.9
Tequesta1724-29.2$735,000$418,25075.7
Jupiter (unincorporated)1833-45.5$728,250$557,00030.7
Juno Beach1928-32.1$702,000$602,00016.6
Palm Beach Gardens (unincorporated)432853.6$700,550$535,00030.9
Wellington126163-22.7$677,500$520,00030.3
Boca Raton221228-3.1$670,000$525,00027.6
Mangonia Park220$625,000$192,500224.7
Jupiter161230-30$590,000$433,50036.1
Loxahatchee (unincorporated)322528$572,750$406,00041.1

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