South Palm Beach, FL Housing Market & Real Estate

Buyer's market+174.9% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in South Palm Beach, FL is $890,000, up 174.9% year-over-year. Homes sell in an average of 511 days with 72 active listings. The market is currently a buyer's market.

$890,000median sale price

Is South Palm Beach a buyer's or seller's market?

Buyer's market36.0 months of supply511 avg. days on market

South Palm Beach, FL is currently a buyer's market, based on 36.0 months of supply and homes selling in about 511 days. How we determine this →

Homes sold

2

Last 12 weeks

Days on market

511

Average pace

Active listings

72

36.0 months supply

Sale-to-list

85.9%

Below asking

South Palm Beach, FL market data

Current housing market statistics for South Palm Beach, FL
MetricValue
Median sale price$890,000
Median list price$372,000
Year-over-year price change+174.9%
Average days on market511 days
Active inventory72 listings
Months of supply36.0 months
Sale-to-list price ratio85.9%
Market conditionBuyer's market

Source: Redfin · Updated weekly

The South Palm Beach housing market is currently classified as a buyer's market with a median sale price of $890,000. Prices have risen 174.9% compared to last year, with homes spending an average of 511 days on market, indicating 36.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in South Palm Beach

There are currently 72 homes listed for sale in South Palm Beach, Florida. The median listing price is $372K.

Active listings

72

Homes on market

Median list price

$372K

Avg. days on market

511

Days until sale

New this week

10

Newly listed

Price drops:18.1%of listings
Sale-to-list:85.9%

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Frequently asked questions

What is the average home price in South Palm Beach?

The median home sale price in South Palm Beach is $890,000, up 174.9% from last year.

How long do homes stay on market in South Palm Beach?

Homes typically spend 511 days on market before going under contract.

Is South Palm Beach a buyer's or seller's market?

With 36.0 months of supply, South Palm Beach is currently a buyer's market.

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