South Florida

West Palm Beach, FL

Single-Family Homes

Real Estate Market Reports



West Palm Beach, FL

Sun Feb 25 2024
This week the median list price for West Palm Beach, FL is $895,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 671. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

West Palm Beach, FL

Sun Feb 25 2024
This week the median list price for West Palm Beach, FL is $895,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 671. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the West Palm Beach market.
Median List Price $895,000
Median Price of New Listings $749,000
Per Square Foot $424
Average Days on Market 123
Median Days on Market 84
Price Decreased 41%
Price Increased 5%
Relisted 8%
Inventory 671
Median Rent
Market Action 31
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
$2,849,500 3,418 0.25 - 0.5 acre 4 4 38 11 10 105
$1,234,926 2,441 8,000 - 10,000 sqft 3 3 36 14 9 91
$698,500 1,992 6,500 - 8,000 sqft 3 2 32 16 13 63
$449,950 1,395 4,500 - 6,500 sqft 3 2 54 14 24 52