The median sale price of a home sold in October 2020 in Royal Palm Beach rose by $22,100 while total sales increased by 32.9%, according to BlockShopper.com.
In October 2020, there were 93 homes sold, with a median sale price of $256,550 - a 9.4% increase over the $234,450 median sale price for the same period of the previous year. There were 70 homes sold in Royal Palm Beach in October 2019.
The median sales tax in Royal Palm Beach for the most recent year with available data, 2018, was $2,495, approximately 1% of the median home sale price for October 2020.
The following table compares Royal Palm Beach 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) |
|---|---|---|---|---|---|---|
| Delray Beach | 193 | 151 | 27.8% | $290,000 | $250,000 | 16% |
| Loxahatchee Groves | 6 | 6 | 0% | $280,000 | $356,234.54 | -21.4% |
| 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% |
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