May 2025
North Palm Beach Market Update
The North Palm Beach real estate market showed sharp contrasts in May 2025, with a strong uptick in single-family home activity while the townhouse and condo segment experienced a slowdown. Shifts in sales volume, pricing, and inventory levels highlight evolving buyer behavior and demand patterns across both property types.
North Palm Beach Single-Family Home
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Closed Sales: 17 homes sold, up 70% year-over-year
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Median Sale Price: $1,260,000, a 62% increase compared to May 2024
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Active Inventory: 44 homes, up 7.3%
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Months Supply of Inventory: 5.2 months (unchanged)
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New Listings: 16, up 23%
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New Pending Sales: 12, up 9.1%
The single-family market surged in both price and activity, with buyers showing strong interest in high-value homes despite limited supply stability.
North Palm Beach Townhouses and Condos
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Closed Sales: 6, a 73% drop from last year
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Median Sale Price: $357,500, down 10%
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Active Inventory: 179 units, up 13%
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Months Supply of Inventory: 11.1 months, a significant jump from last year
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New Listings: 26, down 3.7%
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New Pending Sales: 18, down 10%
Townhouse and condo activity slowed notably, with fewer sales and increased supply indicating a more competitive market for sellers and greater options for buyers.
The townhouse and condo market saw buyer activity ease further, with lower sales and pending contracts. Price adjustments and rising inventory signal a more negotiable environment for buyers seeking options in this segment.
