South Florida

West Palm Beach, FL

Single-Family Homes

Real Estate Market Reports



West Palm Beach, FL

Wed Dec 04 2024
This week the median list price for West Palm Beach, FL is $779,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 790. 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 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.

West Palm Beach, FL

Wed Dec 04 2024
This week the median list price for West Palm Beach, FL is $779,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 790. 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 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

Never miss important changes in the West Palm Beach market.
Median List Price $779,500
Median Price of New Listings $639,900
Per Square Foot $386
Average Days on Market 130
Median Days on Market 84
Price Decreased 43%
Price Increased 2%
Relisted 9%
Inventory 790
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
$2,485,000 3,363 0.25 - 0.5 acre 4 4 38 10 9 91
$1,059,000 2,516 8,000 - 10,000 sqft 3 3 24 10 9 105
$639,900 2,058 6,500 - 8,000 sqft 3 2 30 14 33 84
$429,500 1,348 4,500 - 6,500 sqft 3 2 47 21 27 70