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Okeechobee Times

Saturday, November 16, 2024

Pahokee home prices fell in May 2021

Realestate1

The median sale price of a home sold in May 2021 in Pahokee fell by $66,950 while total sales decreased by 50%, according to BlockShopper.com.

In May 2021, there were three homes sold, with a median sale price of $19,300 - a 77.6% decrease over the $86,250 median sale price for the same period of the previous year. There were six homes sold in Pahokee in May 2020.

The median sales tax in Pahokee for the most recent year with available data, 2018, was $828, approximately 4.3% of the median home sale price for May 2021.

The following table compares Pahokee to other Palm Beach County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Greenacres775637.5%$189,000$178,4505.9%
West Boca440%$172,000$1,082,500-84.1%
South Bay110%$165,000$125,00032%
Delray Beach (unincorporated)22413467.2%$160,000$139,00015.1%
West Palm Beach (unincorporated)16411641.4%$152,400$159,950-4.7%
Uninc-33415/Haverhill10-$150,000$0-
Royal Palm Beach (unincorporated)412751.9%$135,000$312,000-56.7%
West Boynton34-25%$102,250$107,500-4.9%
Palm Springs281855.6%$95,000$162,250-41.4%
Uninc-33409/West Palm Beach South10-$60,000$0-
Pahokee36-50%$19,300$86,250-77.6%

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