Real Estate Trends

Facts and Trends TM

Published February 2025*

Location:   Area 5300
Price Range:   $600,000 - 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
Number of Homes For Sale vs. Sold vs. Pended (Nov. 2023 - Jan. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 25 Dec. 24 % Change Jan. 25 Jan. 24 % Change Nov. 24 to Jan. 25 Nov. 23 to Jan. 24 % Change
For Sale 15 16 -6.2%down 15 26 -42.3%down 15 26 -42.3%down
Sold 5 10 -50%down 5 6 -16.7%down 16 20 -20%down
Pended 9 3 200%up 9 11 -18.2%down 18 26 -30.8%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  2/1/25 - 2/5/25 1/1/25 - 1/5/25 % Change 2/1/25 - 2/5/25 2/1/24 - 2/5/24 % Change 1/1/25 - 2/5/25 1/1/24 - 2/5/24 % Change
For Sale 14 17 -17.6%down 14 29 -51.7%down 14 29 -51.7%down
Sold 0 1 -100%down 0 1 -100%down 5 7 -28.6%down
Pended 2 0 N/A     2 1 100%up 11 12 -8.3%down

January 2025 was a Neutral market**
Home For Sale in January 2025 was 15 units.It was down6.2%compared to last month and down42.3%compared to last year.
Home Closed in January 2025 was 5 units.It was down50%compared to last month and down16.7%compared to last year.
Home Placed under Contract in January 2025 was 9 units.It was up200%compared to last month and down18.2%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.
Average Price per SQFT (Sold) (Nov. 2023 - Jan. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 25 Dec. 24 % Change Jan. 25 Jan. 24 % Change Nov. 24 to Jan. 25 Nov. 23 to Jan. 24 % Change
Avg. Sq. Ft. Price (Sold) 432 473 -8.7%down 432 595 -27.4%down 468 501 -6.6%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  2/1/25 - 2/5/25 1/1/25 - 1/5/25 % Change 2/1/25 - 2/5/25 2/1/24 - 2/5/24 % Change 1/1/25 - 2/5/25 1/1/24 - 2/5/24 % Change
Avg. Sq. Ft. Price (Sold) 0 362 -100%down 0 692 -100%down 432 609 -29.1%down

January 2025 Average Sold Price per Square Footage was Depreciating**
Average Sold Price per Square Footage in January 2025 was $432.It was down8.7%compared to last month and down27.4%compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.
Avg Days On Market & SP/Orig LP % (Nov. 2023 - Jan. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 25 Dec. 24 % Change Jan. 25 Jan. 24 % Change Nov. 24 to Jan. 25 Nov. 23 to Jan. 24 % Change
Avg Days on Market 137 55 149.1%up 137 34 302.9%up 78 49 59.2%up
Sold/Orig LP Diff. % 85 84 1.2%up 85 90 -5.6%down 84 89 -5.6%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  2/1/25 - 2/5/25 1/1/25 - 1/5/25 % Change 2/1/25 - 2/5/25 2/1/24 - 2/5/24 % Change 1/1/25 - 2/5/25 1/1/24 - 2/5/24 % Change
Avg Days on Market 0 164 -100%down 0 33 -100%down 137 34 302.9%up
Sold/Orig LP Diff. % 0 84 -100%down 0 88 -100%down 85 90 -5.6%down

January 2025 Average Days on Market trend was Rising**
Average Days on Market in January 2025 was 137.It was up149.1%compared to last month and up302.9%compared to last year.

January 2025 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in January 2025 was 85%.It was up1.2%compared to last month and down5.6%compared to last year.

**Based on 6 month trend - Rising/Falling/Remains Steady.
Average Price of For Sale and Sold (Nov. 2023 - Jan. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 25 Dec. 24 % Change Jan. 25 Jan. 24 % Change Nov. 24 to Jan. 25 Nov. 23 to Jan. 24 % Change
Avg. Active Price 2,812 2,443 15.1%up 2,812 1,943 44.7%up 2,475 2,023 22.3%up
Avg. Sold Price 1,407 1,311 7.3%up 1,407 1,991 -29.3%down 1,373 1,461 -6%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  2/1/25 - 2/5/25 1/1/25 - 1/5/25 % Change 2/1/25 - 2/5/25 2/1/24 - 2/5/24 % Change 1/1/25 - 2/5/25 1/1/24 - 2/5/24 % Change
Avg. Active Price 2,793 2,743 1.8%up 2,793 1,857 50.4%up 2,793 1,857 50.4%up
Avg. Sold Price 0 800 -100%down 0 2,200 -100%down 1,407 2,021 -30.4%down

January 2025 Average For Sale Price was Appreciating**
Average For Sale Price (in thousand) in January 2025 was $2812.It was up15.1%compared to last month and up44.7%compared to last year.

January 2025 Average Sold Price was Neutral**
Average Sold Price (in thousand) in January 2025 was $1407.It was up7.3%compared to last month and down29.3%compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.
Months of Inventory Based on Closed Sales (Nov. 2023 - Jan. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jan. 25 Dec. 24 % Change Jan. 25 Jan. 24 % Change Nov. 24 to Jan. 25 Nov. 23 to Jan. 24 % Change
Months of Inventory (Closed Sales) 3 1.6 87.5%up 3 4.3 -30%down 2.8 3.9 -28.2%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  2/1/25 - 2/5/25 1/1/25 - 1/5/25 % Change 2/1/25 - 2/5/25 2/1/24 - 2/5/24 % Change 1/1/25 - 2/5/25 1/1/24 - 2/5/24 % Change
Months of Inventory (Closed Sales) 0 2.7 -98.5%down 0 5 -100%down 3.6 5.1 -29.2%down

January 2025 was a Neutral market**
Months of Inventory based on Closed Sales in January 2025 was 3.It was up87.5%compared to last month and down30%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.
Date 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 12/24 1/25
For Sale 28 31 26 29 24 21 19 15 16 19 18 18 14 16 15
New Listing 17 8 9 15 14 11 8 2 11 9 6 5 5 6 8
Sold 5 9 6 8 20 5 9 7 11 6 2 5 1 10 5
Pended 7 8 11 9 14 9 10 3 6 6 5 5 6 3 9
Months of Inventory (Closed Sales) 5.6 3.4 4.3 3.6 1.2 4.2 2.1 2.1 1.5 3.2 9 3.6 14 1.6 3
Months of Inventory (Pended Sales) 4 3.9 2.4 3.2 1.7 2.3 1.9 5 2.7 3.2 3.6 3.6 2.3 5.3 1.7
Absorption Rate (Closed Sales) % 17.9 29 23.1 27.6 83.3 23.8 47.4 46.7 68.8 31.6 11.1 27.8 7.1 62.5 33.3
Absorption Rate (Pended Sales) % 25 25.8 42.3 31 58.3 42.9 52.6 20 37.5 31.6 27.8 27.8 42.9 18.8 60
Avg. Active Price 1,995 2,115 1,943 1,857 1,758 1,952 2,073 2,109 1,477 1,543 1,503 1,920 2,150 2,443 2,812
Avg. Sold Price 1,193 1,256 1,991 1,618 1,448 1,313 1,348 1,614 1,482 2,591 1,640 932 1,828 1,311 1,407
Avg. Sq. Ft. Price (Sold) 484 448 595 522 500 423 502 533 543 610 595 378 594 473 432
Sold/List Diff. % 89 93 91 94 93 99 87 92 94 90 92 93 76 87 90
Sold/Orig LP Diff. % 88 89 90 87 88 92 83 85 91 84 86 92 76 84 85
Avg Days on Market 40 63 34 40 45 68 46 88 37 77 88 61 8 55 137
Median Active Price 1,649 1,600 1,497 1,295 1,295 1,590 1,449 1,600 1,024 999 1,100 1,200 1,674 1,674 1,899
Median Sold Price 1,273 1,250 1,550 1,350 1,312 1,300 875 1,150 1,200 2,777 1,640 900 1,828 1,182 915

 

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*All reports are published February 2025, based on data available at the end of January 2025, 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.