Altos Market Data for Realtors
Palm Beach Gardens, FL
Single-Family Homes
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Palm Beach Gardens, FL
Sat Sep 30 2023
This week the median list price for Palm Beach Gardens, FL is $1,565,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 248.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,565,000 | |
| Median Price of New Listings | $1,169,000 | |
| Per Square Foot | $508 | |
| Average Days on Market | 103 | |
| Median Days on Market | 70 | |
| Price Decreased | 39% | |
| Price Increased | 7% | |
| Relisted | 11% | |
| Inventory | 248 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $4,400,000 | 4,952 | 0.5 - 1 acre | 5 | 5.5 | 17 | 7 | 2 | 108 |
| $1,924,495 | 3,596 | 8,000 - 10,000 sqft | 4 | 4 | 17 | 6 | 4 | 70 |
| $1,171,950 | 2,471 | 8,000 - 10,000 sqft | 4 | 3 | 28 | 8 | 7 | 66 |
| $634,000 | 1,624 | 6,500 - 8,000 sqft | 3 | 2 | 35 | 12 | 10 | 49 |