February 2025
North Palm Beach Market Update
The North Palm Beach real estate market saw declining sales and growing inventory this February compared to last year, while prices moved in opposite directions for single-family homes and townhouse/condo properties. Here’s a breakdown of how both segments performed:
North Palm Beach Single-Family Home
The North Palm Beach single-family home market experienced a sharp slowdown in sales and pricing shifts in February 2025.
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Closed Sales: 4 (down 100% year-over-year)
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Median Sales Price: $1,063,574 (down 54% year-over-year)
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Active Inventory: 56 homes (up 100% year-over-year)
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Months Supply of Inventory: 6.9 months (up from 3.1 months a year ago)
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New Listings: 18 (up 38% year-over-year)
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New Pending Sales: 10 (down 17% year-over-year)
Rising inventory and a sharp drop in sales suggest growing opportunities for buyers, while sellers face increased competition.
North Palm Beach Townhouses and Condos
The North Palm Beach townhouse and condo market remained steady in sales but saw increases in prices and inventory.
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Closed Sales: 16 (no change year-over-year)
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Median Sales Price: $342,500 (up 10% year-over-year)
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Active Inventory: 201 properties (up 16% year-over-year)
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Months Supply of Inventory: 10.8 months (up 8.8 months from a year ago)
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New Listings: 51 (down 3.8% year-over-year)
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New Pending Sales: 25 (down 36% year-over-year)
While prices increased, buyer activity slowed in the townhouse and condo market, reflected in fewer pending sales and growing supply.
