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Okeechobee Times

Friday, November 15, 2024

January 2022: Home prices in Pahokee increased

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The median sale price of a home sold in January 2022 in Pahokee rose by $218,650 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In January 2022, there were two homes sold, with a median sale price of $249,500 - a 708.8% increase over the $30,850 median sale price for the same period of the previous year. There were two homes sold in Pahokee in January 2021, as well.

The median sales tax in Pahokee for the most recent year with available data, 2018, was $828, approximately 0.3% of the median home sale price for January 2022.

The following table compares Pahokee to other Palm Beach County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
Lake Park1016-37.5%$290,000$254,50013.9%
Mangonia Park3250%$283,500$153,55084.6%
Riviera Beach7998-19.4%$266,000$312,500-14.9%
Boynton Beach1791677.2%$255,000$232,0009.9%
Lantana271942.1%$255,000$300,000-15%
Pahokee220%$249,500$30,850708.8%
Royal Palm Beach (unincorporated)4350-14%$247,000$292,000-15.4%
Sandalfoot Cove CDP33316.5%$235,000$206,00014.1%
Greenacres7277-6.5%$227,500$176,00029.3%
Belle Glade25-60%$220,000$170,00029.4%
Lake Worth Corridor CDP618-66.7%$217,500$243,750-10.8%

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