Are home prices dropping in Palm Beach County?

Palm Beach Housing Market Trends In May 2024, Palm Beach home prices were down 18.6% compared to last year , selling for a median price of $2.3M. On average, homes in Palm Beach sell after 111 days on the market compared to 77 days last year. There were 28 homes sold in May this year, up from 28 last year.

What is the average home price in Palm Beach County, Florida?

Palm Beach County, FL housing market The median listing home price in Palm Beach County, FL was $500K in June 2024, trending down -9.9% year-over-year. The median listing home price per square foot was $313. The median home sold price was $565K.

Where is the cheapest place to live in Palm Beach County?

Pahokee . Following the first two cheapest cities to live in Palm Beach County is Pahokee with a median home price of $336,046 and a median rent of $696.

Will Florida home prices drop in 2024?

According to Zillow, home price appreciation is expected to slow down significantly in the coming years, with a predicted increase of only 3.4% for 2024 . This could provide relief to buyers who have been priced out of the market in recent times.

What is the most expensive place to live in Palm Beach?

Gulf Stream . With a median home price of $38,997,392 and a median rent of $2,125, Gulf Stream is the most expensive city on our list. Based on the growth in home prices in Gulf Stream over the last 3 years, it ranks No. 1 among all the cities in Palm Beach County.

Are homes overpriced in Florida?

Nine Florida housing markets, including Miami, are among the most overpriced in the U.S. , data from two state universities show.

How much do you need to make to live in Palm Beach County?

Q: What salary do you need to live in West Palm Beach? A: The salary needed to live in West Palm Beach for a single person is around $50,000 before taxes , according to MIT's Living Wage Calculator.

Are housing prices in Florida coming down?

In June 2024, 11.2% of homes in Florida sold above list price, down 5.2 points year . There were only 31.2% of homes that had price drops, up from 26.0% of homes in June last year. There was a 96.9% sale-to-list price, down 0.52 points year over year. …

What is the outlook for the real estate market in South Florida?

Home sales prices are projected to increase 6.9% in 2024 and 6.5% in 2025 , with the median single-family sales price accelerating to 9.7% while the condominium/townhome median sales price rises a modest 2.5% as potential higher fees and assessments softens demand for this property type.

Why are people moving to Palm Beach County?

Palm Beach County's retention of population has a lot to do with having an overall higher "quality of life ," Murray said. Not only that, residents tend to live closer to their jobs in Palm Beach County. Plus, the cost and time to commute is "less of an issue" than in Miami-Dade and Broward, he added.

Is Palm Beach real estate a good investment?

The demand for real estate in Palm Beach has always been strong due to its desirable location and luxury status. Palm Beach County, in general, witnessed an increase in demand in 2023, with home prices up by 3.6%. This upward trend indicates that Palm Beach remains a promising place to own real estate .

Palm Beach, FL Homes For Sale - Florida Real Estate

Real Estate in Palm Beach, FL

Palm Beach real estate has long provided a winter retreat for those drawn to its temperatures and seaside location. home buyers seeking long-term residency continue to be lured to this historic town by its tropical beauty alongside homes of new construction and historic gems. Across from West Palm Beach and Lake Worth, this barrier island boasts homes with sweeping water views; while those views vary from one property to another, every resident experiences the warm salty breeze, year-round beautiful weather, and charming environment. The city is bursting with quaint shops and locally owned restaurants, and its award-winning golf and tennis facilities are as world-famous now as they were at inception. Palm Beach homes for sale comprise oceanfront townhomes to be built in 2020, charming studio apartments in the city's historic hotel, grand condos along the turquoise waters, and the multi-million dollar oceanfront mansions it's best known for. You may find custom-designed oceanfront estates and mansions on the Intracoastal Waterways recently built or dating back to the 1920s. Contact one of BEX Realty's certified Realtors to help find your dream home among the rich and famous in this coveted area that will forever be beautiful thanks to strict zoning laws that prohibit commercial development, caring residents, and an ideal location.

293 Homes for Sale in Palm Beach, FL

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LISTING TYPES

Palm Beach Homes for SalePalm Beach Rentals

Done

★New 15 Hours Ago139 Sunrise Ave #201

$1,975,000

One North Ocean

Condo

139 Sunrise Ave #201
Palm Beach, FL 33480

VIRTUAL TOUR

990 SqFt

MLS #RX-11005121

★New 19 Hours Ago3300 S Ocean Blvd #301S

$1,495,000

Meridian

Condo

3300 S Ocean Blvd #301S
Palm Beach, FL 33480

VIRTUAL TOUR

1,902 SqFt

MLS #RX-11005007

★New 2 Days Ago2170 Ibis Isle Rd #8

$1,900,000

Villa Serein

Condo

2170 Ibis Isle Rd #8
Palm Beach, FL 33480

1,800 SqFt

MLS #24-1068

★New 2 Days Ago2170 Ibis Isle Rd #0080

$1,900,000

Villa Serein

Condo

2170 Ibis Isle Rd #0080
Palm Beach, FL 33480

VIRTUAL TOUR

1,473 SqFt

MLS #RX-11004782

★Coming Soon3100 S Ocean Blvd #205S

$4,496,000

Palm Beach Hampton

Condo

3100 S Ocean Blvd #205S
Palm Beach, FL 33480

2,913 SqFt

MLS #RX-11004657

★New 6 Days Ago138 Root Trl

$7,250,000

Ocean Towers

Single-Family Home

138 Root Trl
Palm Beach, FL 33480

1,523 SqFt

MLS #24-1057

★New 6 Days Ago135 Root Trl #A

$6,650,000

Roots

Single-Family Home

135 Root Trl #A
Palm Beach, FL 33480

3 / 1 Half

3,071 SqFt

MLS #24-1055

★New 6 Days Ago135 Root Trl #B

$6,125,000

Roots

Single-Family Home

135 Root Trl #B
Palm Beach, FL 33480

2 / 1 Half

2,101 SqFt

MLS #24-1056

★New 7 Days Ago235 Sunrise Ave #3046

$384,000

Palm Beach Hotel

Condo

235 Sunrise Ave #3046
Palm Beach, FL 33480

VIRTUAL TOUR

271 SqFt

MLS #RX-11003577

2660 S Ocean Blvd #501N

$4,250,000

Beach Point

Condo

2660 S Ocean Blvd #501N
Palm Beach, FL 33480

VIRTUAL TOUR

2 / 1 Half

2,137 SqFt

MLS #RX-11003096

3170 S Ocean Blvd #N606

$3,650,000

Enclave

Condo

3170 S Ocean Blvd #N606
Palm Beach, FL 33480

Which Communities in Palm Beach, FL Have New Listings?

3550 South Ocean

6 Condos

for Sale

Ambassador South

10 Condos

for Sale

Breakers Row

17 Homes

for Sale

Casa del Lago

36 Homes

for Sale

Ibis Isle

8 Homes

for Sale

La Bonne Vie

6 Condos

for Sale

Palm Beach Hotel

10 Condos

for Sale

Patrician

13 Homes

for Sale

Royal Park

8 Homes

for Sale

Sloans Curve

7 Condos

for Sale

Southgate

9 Homes

for Sale

Sun and Surf

11 Homes

for Sale

See More Palm Beach, FL Communities

Palm Beach, Florida

Palm Beach homes for sale are surrounded by history in an opulent setting; the little red schoolhouse built in 1886 and the Flagler Museum tell stories of the past, while the high-end stores on Worth Avenue meet the most modern desires. Palm Beach real estate flourished with tourism even before Flagler turned the city into a resort playground, but The Breakers remains to be a major destination and it is said to be "where golf truly began" in the county. Experience for yourself the oldest existing golf course or incomparable opportunities to boat, swim, fish and snorkel on an island where even moderately priced homes boast million dollar views.

More Cities in the Palm Beach County Area

City Name	Homes For Sale	Avg Home Price
Boca Raton	2,552	$1,601,552
Boynton Beach	1,767	$512,341
Delray Beach	1,977	$902,609
Greenacres	326	$384,718
Jupiter	860	$1,742,573
Lake Worth Beach	1,151	$568,247
Loxahatchee	366	$873,398
Palm Beach Gardens	771	$1,405,668
Riviera Beach	397	$1,237,157
Royal Palm Beach	263	$503,245
Wellington	555	$2,013,323
West Palm Beach	2,289	$941,125

This listing is provided by Beaches MLS
All listings featuring the BMLS logo are provided by BeachesMLS, Inc.This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2024 BeachesMLS, Inc

The listing data on this website comes in part from a cooperative data exchange program of the multiple listing service (MLS) or additional real estate data sources in which this real estate Broker participates. The listings displayed may not be all of the listings in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program and properties that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The detailed listing page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate, so you are advised to verify facts that are important to you and no warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. BEX Realty is an equal housing opportunity real estate broker. Please contact us if you cannot properly experience this site. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all activity in the market. BEX Realty is not a mortgage lender or insurance provider. Participating partners may compensate BEX Realty for any consumer information provided on this site.

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Palm Beach, FL Homes For Sale - Florida Real Estate | BEX Realty (2024)

Real Estate in Palm Beach, FL

Which Communities in Palm Beach, FL Have New Listings?

Palm Beach, Florida

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