Is Palm Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since July 2021
At the same time last year, Palm Beach was a Seller's Market.
Key Takeaway
Palm Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Palm Beach, FL cost?
Median Sold Price
$1,790,133
$1,084/sqft
Based on all homes sold in the last 12 months.
Difference Since July 2021
+$248,133(+16.1%)
Key Takeaway
Homes in Palm Beach have sold for 16.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jul 2021 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | $309K | $412.8K | +33.6% |
| 2 Bedrooms | $893.3K | $930K | +4.1% |
| 3 Bedrooms | $2.3M | $3.6M | +59.1% |
| 4 Bedrooms | $5.4M | $9.3M | +72.2% |
| 5+ Bedrooms | $8.3M | $22.9M | +175.3% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Palm Beach Shores | +50.3% |
| South Palm Beach | +32.3% |
| West Palm Beach | +28.1% |
| Lake Worth | +26.0% |
| Palm Beach | +16.1% |
How many homes are available in Palm Beach, FL?
Number of Homes For Sale
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 161 | 145 | -9.9% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2022 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | 27 | 23 | -14.8% |
| 2 Bedrooms | 62 | 61 | -1.6% |
| 3 Bedrooms | 31 | 33 | +6.5%  |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 20 | 13 | -35.0% |
Number of Homes Sold
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 39 | 13 | -66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Beach, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Average Sale Time
| Jul 2021 | Jul 2022 | % |
|---|---|---|
| 67 Days | 52 Days | -22.8% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palm Beach has remained consistent over time.
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© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.