South Florida
Palm Beach Gardens, FL
Single-Family Homes
Real Estate Market Reports
Palm Beach Gardens, FL
Wed Oct 04 2023
This week the median list price for Palm Beach Gardens, FL is $1,599,495 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 240.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,599,495 | |
| Median Price of New Listings | $999,434 | |
| Per Square Foot | $512 | |
| Average Days on Market | 104 | |
| Median Days on Market | 74 | |
| Price Decreased | 37% | |
| Price Increased | 8% | |
| Relisted | 9% | |
| Inventory | 240 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,450,000 | 4,973 | 0.5 - 1 acre | 5 | 5.5 | 17 | 0 | 4 | 119 |
| $1,950,000 | 3,600 | 8,000 - 10,000 sqft | 4 | 4 | 17 | 7 | 2 | 77 |
| $1,199,500 | 2,526 | 8,000 - 10,000 sqft | 4 | 3 | 27 | 3 | 5 | 66 |
| $669,000 | 1,743 | 6,500 - 8,000 sqft | 3 | 2 | 35 | 8 | 16 | 49 |