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Saturday, November 16, 2024

How did home prices perform in Pahokee during the fourth quarter of 2020?

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The median sale price of a home sold in the fourth quarter of 2020 in Pahokee rose by $16,750 while total sales decreased by 26.3%, according to BlockShopper.com.

From October through December of 2020, there were 14 homes sold, with a median sale price of $76,750 - a 27.9% increase over the $60,000 median sale price for the same period of the previous year. There were 19 homes sold in Pahokee in the fourth quarter of 2019.

The median sales tax in Pahokee for the most recent year with available data, 2018, was $828, approximately 1.1% of the median home sale price for the fourth quarter of 2020.

The following table compares Pahokee to other Palm Beach County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
West Palm Beach (unincorporated)565601-6%$160,000$130,00023.1%
Belle Glade1735-51.4%$141,550$130,0008.9%
Mangonia Park510-50%$140,000$100,574.3639.2%
Uninc-33409/West Palm Beach South6450%$140,000$95,00047.4%
South Bay38-62.5%$117,000$28,300313.4%
Belle Glade (unincorporated)10-$110,000$0-
Uninc-33413/West Palm Beach Canal12-50%$81,790$287,500-71.6%
West Boynton814-42.9%$78,750$75,0005%
Pahokee1419-26.3%$76,750$60,00027.9%
Uninc-33403/Lake Park3250%$68,000$64,5005.4%
Canal Point (unincorporated)3250%$25,000$175,000-85.7%

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