Is Palm Beach County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2021
Since last year, Palm Beach County has remained a Seller's Market.
Key Takeaway
Palm Beach County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Palm Beach County, FL cost?
Median Sold Price
$411,967
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2021
Key Takeaway
Homes in Palm Beach County have sold for 17.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Aug 2021 | Aug 2022 | % |
|---|---|---|---|
| 1 Bedroom | $97.1K | $125.1K | +28.9% |
| 2 Bedrooms | $216.9K | $273.1K | +25.9% |
| 3 Bedrooms | $380.2K | $477.4K | +25.6% |
| 4 Bedrooms | $580.4K | $707.8K | +22.0% |
| 5+ Bedrooms | $993.1K | $1.2M | +25.9% |
Median Sold Price Compared To Nearby Counties
| % | |
|---|---|
| Martin County | +18.0% |
| Palm Beach County | +17.7% |
| Broward County | +16.8% |
| Hendry County | +11.1% |
How many homes are available in Palm Beach County, FL?
Number of Homes For Sale
| Jul 2022 | Aug 2022 | % |
|---|---|---|
| 9,984 | 10,281 | +3.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jul 2022 | Aug 2022 | % |
|---|---|---|---|
| 1 Bedroom | 734 | 709 | -3.4%  |
| 2 Bedrooms | 3,246 | 3,351 | +3.2% |
| 3 Bedrooms | 3,529 | 3,654 | +3.5% |
| 4 Bedrooms | 1,525 | 1,578 | +3.5% |
| 5+ Bedrooms | 950 | 989 | +4.1% |
Number of Homes Sold
| Jul 2022 | Aug 2022 | % |
|---|---|---|
| 2,056 | 1,875 | -8.8% |
Asking Price vs. Sold Price
1,100 Homes Were Sold
Under Asking
376 Homes Were Sold
At Asking
399 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palm Beach County, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.
Average Sale Time
| Aug 2021 | Aug 2022 | % |
|---|---|---|
| 28 Days | 24 Days | -15.8% |
Breakdown of Home Sale Times
1,359 Homes Were Sold
Under 30 Days
452 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palm Beach County are selling fast, if you're buying plan to act quickly.
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Copyright © 2022 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.