March 2025
North Palm Beach Market Update
The North Palm Beach real estate market continued to evolve in March 2025, with softening sales and rising inventory across both single-family homes and the townhouse/condo market. Buyers are seeing more options, while sellers are adjusting to a more competitive environment. Here’s a closer look:
North Palm Beach Single-Family Home
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Closed Sales: 9 (down 10% year-over-year)
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Median Sales Price: $770,000 (down 13% year-over-year)
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Active Inventory: 57 homes (up 63% year-over-year)
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Months Supply of Inventory: 7.1 months (up from 4.8 months a year ago)
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New Listings: 16 (no change from a year ago)
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New Pending Sales: 15 (up 67% year-over-year)
While the number of closed sales for single-family homes declined, new pending sales climbed sharply, suggesting buyers are becoming more active as inventory grows.
North Palm Beach Townhouses and Condos
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Closed Sales: 19 (down 39% year-over-year)
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Median Sales Price: $279,000 (down 28% year-over-year)
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Active Inventory: 201 units (up 6.3% year-over-year)
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Months Supply of Inventory: 11.4 months (up from 9.3 months a year ago)
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New Listings: 40 (down 23% year-over-year)
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New Pending Sales: 19 (down 30% year-over-year)
The townhouse and condo sector experienced fewer sales and lower median prices compared to last year, with inventory levels continuing to climb. This may offer future buyers greater negotiating power as we move deeper into the year.
