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Featured local agent — Palm Beach, FL
Sarah Mitchell
Compass Real Estate · Palm Beach, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palm Beach, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.01Mmedian sale price
How is the Palm Beach, FL housing market right now?
The median home sale price in Palm Beach, FL is $2.01M, down 46.9% year-over-year. Homes sell in an average of 77 days with 250 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palm Beach a buyer's or seller's market?
Palm Beach, FL is currently a buyer's market, based on 4.5 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
56
Last 12 weeks
Days on market
77
Average pace
Active listings
250
4.5 months supply
Sale-to-list
93.0%
Below asking
What does the Palm Beach housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.01M |
| Median list price | $1.84M |
| Year-over-year price change | -46.9% |
| Average days on market | 77 days |
| Active inventory | 250 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 93.0% |
| Median price per sq ft | $1,379/sq ft |
| Homes sold (latest month) | 56 |
| New listings (latest month) | 30 |
| Listings with a price cut | 15.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palm Beach by property type?
How the Palm Beach, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $1.35M | $884/sq ft | 41 | 80 days |
Source: Redfin · Updated monthly
The Palm Beach housing market is currently classified as a buyer's market with a median sale price of $2.01M. Prices have fallen 46.9% compared to last year, with homes spending an average of 77 days on market, indicating 4.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 11.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palm Beach
There are currently 250 homes listed for sale in Palm Beach, Florida. The median listing price is $1.8M.
Active listings
250
Homes on market
Median list price
$1.8M
Avg. days on market
77
Days until sale
New this week
30
Newly listed
Who lives in Palm Beach?
Population
9,234
Median income
$175,078/yr
Median age
69.7 years
Owner-occupied
82.7%
College grads
68.4%
Avg commute
26.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Palm Beach?
Zillow home value
$2.09M
Zillow rent index
$8,974/mo
Price-to-rent ratio
19.4x
Price-to-income
11.9x
Source: Zillow Research
What is it like to live in Palm Beach?
Palm Beach is a community of approximately 9K residents with a median age of 69.7 years.The median household income is $175,078, which reflects a relatively affluent area with strong earning potential. 68.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palm Beach offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palm Beach?
1 schools tracked · 361 students
The largest public schools serving Palm Beach, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PALM BEACH PUBLIC SCHOOL
Grades PK-5 · 361 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palm Beach, FL?
Want a head-to-head view? Compare Palm Beach side-by-side with any other U.S. city using our market-comparison tool.
Is Palm Beach a good real estate investment market?
For investors evaluating Palm Beach, the price-to-rent ratio of 19.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 46.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palm Beach's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palm Beach's median home price.
Frequently asked questions
What is the average home price in Palm Beach?
The median home sale price in Palm Beach is $2.01M, down 46.9% from last year.
How long do homes stay on market in Palm Beach?
Homes typically spend 77 days on market before going under contract.
What is the median income in Palm Beach?
The median household income is $175,078 per year.
Is Palm Beach a buyer's or seller's market?
With 4.5 months of supply, Palm Beach is currently a buyer's market.
What is the Zillow home value estimate for Palm Beach?
The Zillow Home Value Index (ZHVI) for Palm Beach is $2.09M, representing the typical home value in the area.
What is the median condo price in Palm Beach?
The median condo/co-op sale price in Palm Beach, FL is $1.35M, based on the latest Redfin data.
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