The median sale price of a home sold in October 2020 in Lake Park rose by $50,408 while total sales decreased by 35%, according to BlockShopper.com.
In October 2020, there were 13 homes sold, with a median sale price of $250,000 - a 25.3% increase over the $199,592 median sale price for the same period of the previous year. There were 20 homes sold in Lake Park in October 2019.
The median sales tax in Lake Park for the most recent year with available data, 2018, was $2,373, approximately 0.9% of the median home sale price for October 2020.
The following table compares Lake Park to other Palm Beach County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Worth | 267 | 262 | 1.9% | $272,000 | $258,490 | 5.2% |
| Lake Worth Corridor CDP | 11 | 24 | -54.2% | $260,000 | $209,500 | 24.1% |
| North Palm Beach | 56 | 30 | 86.7% | $257,625 | $347,500 | -25.9% |
| Royal Palm Beach | 93 | 70 | 32.9% | $256,550 | $234,450 | 9.4% |
| West Palm Beach | 321 | 247 | 30% | $255,000 | $197,000 | 29.4% |
| Lake Park | 13 | 20 | -35% | $250,000 | $199,592 | 25.3% |
| Sandalfoot Cove CDP | 48 | 44 | 9.1% | $242,000 | $215,500 | 12.3% |
| Riviera Beach | 79 | 75 | 5.3% | $242,000 | $199,000 | 21.6% |
| Lantana | 24 | 22 | 9.1% | $237,500 | $222,500 | 6.7% |
| Royal Palm Beach (unincorporated) | 60 | 61 | -1.6% | $226,500 | $129,600 | 74.8% |
| Hypoluxo | 26 | 19 | 36.8% | $215,000 | $192,000 | 12% |
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