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Okeechobee Times

Sunday, November 17, 2024

How did home prices perform in Pahokee during the second half of 2020?

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The median sale price of a home sold in the second half of 2020 in Pahokee rose by $23,500 while total sales decreased by 13.8%, according to BlockShopper.com.

From July through December of 2020, there were 25 homes sold, with a median sale price of $83,500 - a 39.2% increase over the $60,000 median sale price for the same period of the previous year. There were 29 homes sold in Pahokee in the second half of 2019.

The median sales tax in Pahokee for the most recent year with available data, 2018, was $828, approximately 1% of the median home sale price for the second half of 2020.

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

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
West Boca3338-13.2%$160,480$116,75037.5%
Mangonia Park1018-44.4%$160,000$88,466.6780.9%
Delray Beach (unincorporated)1,2591,2044.6%$158,000$140,00012.9%
Belle Glade4262-32.3%$143,275$117,45022%
Uninc-33409/West Palm Beach South10742.9%$137,500$95,00044.7%
Belle Glade (unincorporated)10-$110,000$0-
West Boynton1618-11.1%$108,000$83,50029.3%
South Bay715-53.3%$98,000$47,000108.5%
Pahokee2529-13.8%$83,500$60,00039.2%
Uninc-33403/Lake Park6520%$73,500$55,00033.6%
Canal Point (unincorporated)550%$32,000$130,000-75.4%

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