South Florida
West Palm Beach, FL
Single-Family Homes
Real Estate Market Reports
West Palm Beach, FL
Thu Dec 26 2024
This week the median list price for West Palm Beach, FL is $796,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 804.
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 | $796,000 | |
| Median Price of New Listings | $599,000 | |
| Per Square Foot | $389 | |
| Average Days on Market | 128 | |
| Median Days on Market | 84 | |
| Price Decreased | 42% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 804 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer'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 |
|---|---|---|---|---|---|---|---|---|
| $2,895,000 | 3,328 | 0.25 - 0.5 acre | 4 | 4 | 42 | 14 | 7 | 70 |
| $1,100,000 | 2,554 | 8,000 - 10,000 sqft | 3 | 3 | 25 | 9 | 14 | 112 |
| $639,000 | 2,029 | 6,500 - 8,000 sqft | 3 | 2 | 32 | 9 | 19 | 77 |
| $425,000 | 1,332 | 4,500 - 6,500 sqft | 3 | 2 | 45 | 23 | 17 | 70 |