Royal Palm Beach home prices rise in the second quarter of 2020

Medium realestate2

The median sale price of a home sold in the second quarter of 2020 in Royal Palm Beach rose by $39,500 while total sales decreased by 17.6%, according to

From April through June of 2020, there were 155 homes sold, with a median sale price of $287,000 - a 16% increase over the $247,500 median sale price for the same period of the previous year. There were 188 homes sold in Royal Palm Beach in the second quarter of 2019.

The median sales tax in Royal Palm Beach for the most recent year with available data, 2018, was $2,495, approximately 0.9% of the median home sale price for the second quarter of 2020.

The following table compares Royal Palm Beach to other Palm Beach County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Palm Beach Shores7540%$320,000$362,000-11.6%
Boca Raton (unincorporated)523721-27.5%$315,000$257,00022.6%
Boca Del Mar CDP97120-19.2%$310,000$277,50011.7%
Royal Palm Beach (unincorporated)96114-15.8%$308,500$185,257.1266.5%
Royal Palm Beach155188-17.6%$287,000$247,50016%
North Palm Beach102103-1%$277,000$290,000-4.5%
Boynton Beach (unincorporated)543630-13.8%$273,000$254,0007.5%
Delray Beach354492-28%$268,000$255,0005.1%
South Palm Beach2029-31%$257,500$245,0005.1%
Lake Worth592722-18%$257,000$245,7504.6%

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