Adobe Stock
Adobe Stock
From January through March of 2021, there were two homes sold, with a median sale price of $186,000 - a 65.3% increase over the $112,500 median sale price for the same period of the previous year. There were eight homes sold in South Bay in the first quarter of 2020.
The median sales tax in South Bay for the most recent year with available data, 2018, was $966, approximately 0.5% of the median home sale price for the first quarter of 2021.
The following table compares South Bay to other Palm Beach County cities with similar median sale prices in the first quarter of 2021:
| City | Jan. - Mar. 2021 Home Sales | Jan. - Mar. 2020 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2021 Median Sales Price | Jan. - Mar. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Royal Palm Beach (unincorporated) | 131 | 143 | -8.4% | $227,000 | $195,000 | 16.4% |
| Boynton Beach | 507 | 479 | 5.8% | $225,000 | $202,000 | 11.4% |
| Sandalfoot Cove CDP | 117 | 94 | 24.5% | $220,000 | $246,000 | -10.6% |
| Hypoluxo | 44 | 38 | 15.8% | $214,750 | $179,500 | 19.6% |
| Greenacres | 256 | 231 | 10.8% | $191,750 | $163,000 | 17.6% |
| South Bay | 2 | 8 | -75% | $186,000 | $112,500 | 65.3% |
| West Boca | 16 | 19 | -15.8% | $169,250 | $127,000 | 33.3% |
| Palm Springs | 98 | 95 | 3.2% | $162,575 | $159,900 | 1.7% |
| Belle Glade | 23 | 10 | 130% | $155,000 | $112,500 | 37.8% |
| West Palm Beach (unincorporated) | 591 | 599 | -1.3% | $155,000 | $140,000 | 10.7% |
| Delray Beach (unincorporated) | 688 | 604 | 13.9% | $152,000 | $144,750 | 5% |
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