South Florida

West Palm Beach, FL

Single-Family Homes

Real Estate Market Reports



West Palm Beach, FL

Tue Sep 27 2022
This week the median list price for West Palm Beach, FL is $675,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 557. Click here to stay informed with the West Palm Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

West Palm Beach, FL

Tue Sep 27 2022
This week the median list price for West Palm Beach, FL is $675,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 557. Click here to stay informed with the West Palm Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the West Palm Beach market.
Median List Price $675,000
Median Price of New Listings $495,000
Per Square Foot $344
Average Days on Market 74
Median Days on Market 63
Price Decreased 46%
Price Increased 3%
Relisted 8%
Inventory 557
Median Rent
Market Action 36
Slight Seller'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
$2,399,000 3,082 8,000 - 10,000 sqft 4 3.5 66 9 8 77
$850,000 2,342 8,000 - 10,000 sqft 3 2.5 29 8 16 63
$555,000 1,920 6,500 - 8,000 sqft 3 2 32 13 16 49
$359,450 1,291 4,500 - 6,500 sqft 3 2 59 24 17 49