Real Estate Trends

Facts and Trends TM

Published March 2025*

Location:   Area 5300
Price Range:   $800,000 - No Limit
SQFT Range:   2000 - 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 (Dec. 2023 - Feb. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Feb. 25 Jan. 25 % Change Feb. 25 Feb. 24 % Change Dec. 24 to Feb. 25 Dec. 23 to Feb. 24 % Change
For Sale 10 14 -28.6%down 10 23 -56.5%down 10 23 -56.5%down
Sold 5 4 25%up 5 7 -28.6%down 19 18 5.6%up
Pended 10 6 66.7%up 10 6 66.7%up 19 25 -24%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  3/1/25 - 3/13/25 2/1/25 - 2/13/25 % Change 3/1/25 - 3/13/25 3/1/24 - 3/13/24 % Change 1/1/25 - 3/13/25 1/1/24 - 3/13/24 % Change
For Sale 14 13 7.7%up 14 18 -22.2%down 14 18 -22.2%down
Sold 3 1 200%up 3 3 0%     12 15 -20%down
Pended 2 4 -50%down 2 8 -75%down 18 25 -28%down

February 2025 was a Seller's market**
Home For Sale in February 2025 was 10 units.It was down28.6%compared to last month and down56.5%compared to last year.
Home Closed in February 2025 was 5 units.It was up25%compared to last month and down28.6%compared to last year.
Home Placed under Contract in February 2025 was 10 units.It was up66.7%compared to last month and up66.7%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) (Dec. 2023 - Feb. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Feb. 25 Jan. 25 % Change Feb. 25 Feb. 24 % Change Dec. 24 to Feb. 25 Dec. 23 to Feb. 24 % Change
Avg. Sq. Ft. Price (Sold) 571 446 28%up 571 536 6.5%up 505 549 -8%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  3/1/25 - 3/13/25 2/1/25 - 2/13/25 % Change 3/1/25 - 3/13/25 3/1/24 - 3/13/24 % Change 1/1/25 - 3/13/25 1/1/24 - 3/13/24 % Change
Avg. Sq. Ft. Price (Sold) 727 739 -1.6%down 727 431 68.7%up 561 551 1.8%up

February 2025 Average Sold Price per Square Footage was Neutral**
Average Sold Price per Square Footage in February 2025 was $571.It was up28%compared to last month and up6.5%compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.



Avg Days On Market & SP/Orig LP % (Dec. 2023 - Feb. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Feb. 25 Jan. 25 % Change Feb. 25 Feb. 24 % Change Dec. 24 to Feb. 25 Dec. 23 to Feb. 24 % Change
Avg Days on Market 31 103 -69.9%down 31 41 -24.4%down 57 57 0%    
Sold/Orig LP Diff. % 86 85 1.2%up 86 87 -1.1%down 85 88 -3.4%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  3/1/25 - 3/13/25 2/1/25 - 2/13/25 % Change 3/1/25 - 3/13/25 3/1/24 - 3/13/24 % Change 1/1/25 - 3/13/25 1/1/24 - 3/13/24 % Change
Avg Days on Market 35 35 0%     35 27 29.6%up 56 38 47.4%up
Sold/Orig LP Diff. % 91 89 2.2%up 91 91 0%     87 89 -2.2%down

February 2025 Average Days on Market trend Remains Steady**
Average Days on Market in February 2025 was 31.It was down69.9%compared to last month and down24.4%compared to last year.

February 2025 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in February 2025 was 86%.It was up1.2%compared to last month and down1.1%compared to last year.

**Based on 6 month trend - Rising/Falling/Remains Steady.



Average Price of For Sale and Sold (Dec. 2023 - Feb. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Feb. 25 Jan. 25 % Change Feb. 25 Feb. 24 % Change Dec. 24 to Feb. 25 Dec. 23 to Feb. 24 % Change
Avg. Active Price 3,189 2,961 7.7%up 3,189 2,134 49.4%up 3,036 2,268 33.9%up
Avg. Sold Price 2,564 1,574 62.9%up 2,564 1,739 47.4%up 1,757 1,803 -2.6%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  3/1/25 - 3/13/25 2/1/25 - 2/13/25 % Change 3/1/25 - 3/13/25 3/1/24 - 3/13/24 % Change 1/1/25 - 3/13/25 1/1/24 - 3/13/24 % Change
Avg. Active Price 2,768 2,796 -1%down 2,768 2,053 34.8%up 2,768 2,053 34.8%up
Avg. Sold Price 2,049 5,605 -63.4%down 2,049 1,030 98.9%up 2,105 1,765 19.3%up

February 2025 Average For Sale Price was Appreciating**
Average For Sale Price (in thousand) in February 2025 was $3189.It was up7.7%compared to last month and up49.4%compared to last year.

February 2025 Average Sold Price was Appreciating**
Average Sold Price (in thousand) in February 2025 was $2564.It was up62.9%compared to last month and up47.4%compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.



Months of Inventory Based on Closed Sales (Dec. 2023 - Feb. 2025)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Feb. 25 Jan. 25 % Change Feb. 25 Feb. 24 % Change Dec. 24 to Feb. 25 Dec. 23 to Feb. 24 % Change
Months of Inventory (Closed Sales) 2 3.5 -42.9%down 2 3.3 -39.6%down 1.6 3.8 -57.4%down

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  3/1/25 - 3/13/25 2/1/25 - 2/13/25 % Change 3/1/25 - 3/13/25 3/1/24 - 3/13/24 % Change 1/1/25 - 3/13/25 1/1/24 - 3/13/24 % Change
Months of Inventory (Closed Sales) 2 6 -66.3%down 2 2.5 -19.9%down 2.7 2.8 -3.6%down

February 2025 was a Seller's market**
Months of Inventory based on Closed Sales in February 2025 was 2.It was down42.9%compared to last month and down39.6%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 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 2/25
For Sale 26 20 23 18 16 16 11 10 13 14 14 10 12 14 10
New Listing 7 7 13 10 9 7 1 9 7 6 4 5 6 8 10
Sold 6 5 7 17 5 4 5 10 6 1 3 1 10 4 5
Pended 8 11 6 12 6 7 3 6 4 4 4 6 3 6 10
Months of Inventory (Closed Sales) 4.3 4 3.3 1.1 3.2 4 2.2 1 2.2 14 4.7 10 1.2 3.5 2
Months of Inventory (Pended Sales) 3.3 1.8 3.8 1.5 2.7 2.3 3.7 1.7 3.3 3.5 3.5 1.7 4 2.3 1
Absorption Rate (Closed Sales) % 23.1 25 30.4 94.4 31.3 25 45.5 100 46.2 7.1 21.4 10 83.3 28.6 50
Absorption Rate (Pended Sales) % 30.8 55 26.1 66.7 37.5 43.8 27.3 60 30.8 28.6 28.6 60 25 42.9 100
Avg. Active Price 2,367 2,295 2,134 2,053 2,322 2,309 2,589 1,896 1,899 1,710 2,242 2,695 2,996 2,961 3,189
Avg. Sold Price 1,513 2,241 1,739 1,565 1,313 2,027 1,997 1,557 2,591 2,550 1,088 1,828 1,427 1,574 2,564
Avg. Sq. Ft. Price (Sold) 507 616 536 518 423 572 601 562 610 758 411 594 495 446 571
Sold/List Diff. % 92 90 94 92 99 85 92 94 90 91 93 76 88 89 90
Sold/Orig LP Diff. % 88 90 87 88 92 83 87 92 84 85 93 76 85 85 86
Avg Days on Market 90 41 41 34 68 37 49 35 77 117 16 8 52 103 31
Median Active Price 2,145 2,145 1,499 1,450 2,265 1,595 2,799 1,624 1,300 1,399 1,749 2,395 2,495 1,947 2,050
Median Sold Price 1,268 1,700 1,625 1,370 1,300 1,853 2,150 1,275 2,777 2,550 1,165 1,828 1,327 1,203 1,500

 

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