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Okeechobee Times

Friday, November 15, 2024

South Bay home prices rose in the first half of 2021

Realestate077

The median sale price of a home sold in the first half of 2021 in South Bay rose by $22,500 while total sales decreased by 33.3%, according to BlockShopper.com.

From January through June of 2021, there were six homes sold, with a median sale price of $137,500 - a 19.6% increase over the $115,000 median sale price for the same period of the previous year. There were nine homes sold in South Bay in the first half of 2020.

The median sales tax in South Bay for the most recent year with available data, 2018, was $966, approximately 0.7% of the median home sale price for the first half of 2021.

The following table compares South Bay to other Palm Beach County cities with similar median sale prices in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Belle Glade332913.8%$170,000$80,000112.5%
West Boca2633-21.2%$160,700$136,51017.7%
Palm Springs1681558.4%$159,750$164,000-2.6%
Delray Beach (unincorporated)1,3541,05628.2%$156,000$145,0007.6%
West Palm Beach (unincorporated)1,0821,0512.9%$155,000$145,0006.9%
South Bay69-33.3%$137,500$115,00019.6%
Uninc-33415/Haverhill440%$97,500$154,000-36.7%
Mangonia Park135160%$84,000$96,000-12.5%
Pahokee2024-16.7%$83,700$70,00019.6%
Uninc-33403/Lake Park23-33.3%$80,000$66,00021.2%
West Boynton242020%$77,500$60,00029.2%

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