West Palm Beach-area home prices rise 7.4% in April, with houses for sale in high demand
A typical Palm Beach County home listed for $625,000 in April, up 7.4% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in April was up about 61.4% from April 2021. Palm Beach County's median home was 1,694 square feet for a listed price of $351 per square foot.
The Palm Beach County market was busy, with a median 32 days on market. A month earlier, homes had a median 33 days on market. The market added 3,576 new home listings in April, compared with the 3,800 added in April 2021. The market ended the month with some 3,256 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were West Palm Beach-area home prices in April?
Martin County's home prices rose 6.6%, to a median of $575,000, from a month earlier. The typical house was on the market for 28 days, from 26 days a month earlier. The typical 1,712-square-foot house had a list price of $319 per square foot.
Okeechobee County's home prices rose 1.3%, to a median $379,000, from a month earlier. The typical house was on the market for 45 days, from 72 days a month earlier. The typical 1,728-square-foot house had a list price of $195 per square foot.
Across metro South Florida, median home prices rose to $585,000, up 6.9% from a month earlier. The median home had 1,442 square feet, at a list price of $398 per square foot.
Across all of Florida, median home prices were $472,990, rising 5.1% from a month earlier. The median Florida home for sale had 1,678 square feet at list price of $279 per square foot.
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Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
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This article originally appeared on Palm Beach Post: West Palm Beach-area homes for sale rise to $625,000 median price
