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Featured local agent — South Palm Beach, FL
Sarah Mitchell
Compass Real Estate · South Palm Beach, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Palm Beach, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$320,000median sale price
How is the South Palm Beach, FL housing market right now?
The median home sale price in South Palm Beach, FL is $320,000, up 30.6% year-over-year. Homes sell in an average of 135 days with 75 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 South Palm Beach a buyer's or seller's market?
South Palm Beach, FL is currently a buyer's market, based on 15.0 months of supply and homes selling in about 135 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
135
Average pace
Active listings
75
15.0 months supply
Sale-to-list
92.4%
Below asking
What does the South Palm Beach housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $320,000 |
| Median list price | $537,500 |
| Year-over-year price change | +30.6% |
| Average days on market | 135 days |
| Active inventory | 75 listings |
| Months of supply | 15.0 months |
| Sale-to-list price ratio | 92.4% |
| Median price per sq ft | $269/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 16 |
| Listings with a price cut | 16.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in South Palm Beach by property type?
How the South 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 | $320,000 | $269/sq ft | 5 | 135 days |
Source: Redfin · Updated monthly
The South Palm Beach housing market is currently classified as a buyer's market with a median sale price of $320,000. Prices have risen 30.6% compared to last year, with homes spending an average of 135 days on market, indicating 15.0 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 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in South Palm Beach
There are currently 75 homes listed for sale in South Palm Beach, Florida. The median listing price is $538K.
Active listings
75
Homes on market
Median list price
$538K
Avg. days on market
135
Days until sale
New this week
16
Newly listed
Who lives in South Palm Beach?
Population
1,667
Median income
$79,583/yr
Median age
68.1 years
Owner-occupied
88.6%
College grads
44.2%
Avg commute
37.1 min
Source: U.S. Census Bureau ACS
What are homes worth in South Palm Beach?
Zillow home value
$373,219
Zillow rent index
$4,244/mo
Price-to-rent ratio
7.3x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in South Palm Beach?
South Palm Beach is a community of approximately 2K residents with a median age of 68.1 years.The median household income is $79,583, which reflects a relatively affluent area with strong earning potential. 44.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, South Palm Beach offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near South Palm Beach, FL?
Want a head-to-head view? Compare South Palm Beach side-by-side with any other U.S. city using our market-comparison tool.
Is South Palm Beach a good real estate investment market?
For investors evaluating South Palm Beach, the price-to-rent ratio of 7.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 30.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on South Palm Beach's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using South Palm Beach's median home price.
Frequently asked questions
What is the average home price in South Palm Beach?
The median home sale price in South Palm Beach is $320,000, up 30.6% from last year.
How long do homes stay on market in South Palm Beach?
Homes typically spend 135 days on market before going under contract.
What is the median income in South Palm Beach?
The median household income is $79,583 per year.
Is South Palm Beach a buyer's or seller's market?
With 15.0 months of supply, South Palm Beach is currently a buyer's market.
What is the Zillow home value estimate for South Palm Beach?
The Zillow Home Value Index (ZHVI) for South Palm Beach is $373,219, representing the typical home value in the area.
What is the median condo price in South Palm Beach?
The median condo/co-op sale price in South Palm Beach, FL is $320,000, based on the latest Redfin data.
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