South Florida

West Palm Beach, FL

Single-Family Homes

Real Estate Market Reports



West Palm Beach, FL

Mon Jun 24 2024
This week the median list price for West Palm Beach, FL is $795,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 615. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

West Palm Beach, FL

Mon Jun 24 2024
This week the median list price for West Palm Beach, FL is $795,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 615. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the West Palm Beach market.
Median List Price $795,000
Median Price of New Listings $677,000
Per Square Foot $391
Average Days on Market 119
Median Days on Market 70
Price Decreased 50%
Price Increased 4%
Relisted 10%
Inventory 615
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 3,359 0.25 - 0.5 acre 4 4 38 11 11 98
$1,092,000 2,375 8,000 - 10,000 sqft 3 2.5 27 10 11 63
$639,250 1,974 6,500 - 8,000 sqft 3 2 35 17 8 70
$425,000 1,270 4,500 - 6,500 sqft 3 2 53 16 24 56