South Florida
Palm Beach, FL
Single-Family Homes
Real Estate Market Reports
Palm Beach, FL
Sun Dec 22 2024
This week the median list price for Palm Beach, FL is $15,995,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has increased to 79.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $15,995,000 | |
| Median Price of New Listings | $23,900,000 | |
| Per Square Foot | $3,859 | |
| Average Days on Market | 164 | |
| Median Days on Market | 98 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 79 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $39,500,000 | 6,376 | 0.5 - 1 acre | 6 | 7 | 30 | 1 | 0 | 63 |
| $22,400,000 | 4,560 | 0.25 - 0.5 acre | 5 | 5.5 | 34 | 2 | 1 | 119 |
| $14,200,000 | 4,238 | 0.25 - 0.5 acre | 4 | 5.3 | 22 | 0 | 0 | 122 |
| $8,122,500 | 2,677 | 4,500 - 6,500 sqft | 4 | 3.5 | 73 | 0 | 2 | 126 |