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Saturday, November 2, 2024

What happened to the median home price in Loxahatchee (unincorporated) during May?

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The median sale price of a home sold in May in Loxahatchee (unincorporated) rose by $166,750 while total sales increased by 28 percent, according to BlockShopper.com.

In May, there were 32 homes sold, with a median sale price of $572,750 - a 41.1 percent increase over the $406,000 median sale price for the same period of the previous year. There were 25 homes sold in Loxahatchee (unincorporated) in May 2021.

The median sales tax in Loxahatchee (unincorporated) for the most recent year with available data, 2018, was $3,717, approximately 0.6 percent of the median home sale price for May.

The following table compares Loxahatchee (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)
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
Palm Beach Gardens129209-38.3$572,500$439,99930.1
South Palm Beach1524-37.5$555,000$315,00076.2
Lake Clarke Shores83166.7$523,000$285,00083.5
Loxahatchee Groves4333.3$511,000$300,00070.3
Palm Beach Shores47-42.9$498,750$500,000-0.3

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