Palm Beach County Market Update

The Palm Beach County real estate market began 2025 with noticeable shifts across both single-family homes and townhouse/condo sectors. Buyers and sellers are adapting to rising inventory levels, evolving sales trends, and price fluctuations that are shaping the market.

Palm Beach County Single-Family Home

The single-family home market in Palm Beach County experienced steady changes in January:

Closed Sales: 850, up 4.8% from January 2024, indicating sustained buyer interest.

Median Sales Price: $650,000, a 5.7% increase year-over-year, reflecting strong price growth.

Active Inventory: 6,136 homes, up 25%, providing more options for buyers.

Months Supply of Inventory: Increased to 5.5 months from 4.2 months, signaling a shift toward a balanced market.

New Listings: 2,034, up 6.8%, as more sellers entered the market.

New Pending Sales: 1,240, down 4.5%, suggesting a more selective buyer pool.

Palm Beach County – Townhouses and Condos

The townhouse and condo market in Palm Beach County displayed different trends:

Closed Sales: 641, up 1.3% year-over-year, indicating slight growth in buyer activity.
Median Sales Price: $330,000, a 1.5% increase, showing stable pricing.
Active Inventory: 8,023 units, up 39%, significantly expanding buyer options.
Months Supply of Inventory: Jumped to 9.7 months from 5.8 months, leaning further into a buyer’s market.
New Listings: 2,039, down 3.9%, with fewer new properties entering the market.
New Pending Sales: 878, down 5.8%, highlighting a slowdown in buyer commitments.

January 2025 showcased a Palm Beach County housing market with expanding inventory and shifting buyer behavior. Single-family homes maintained solid sales and price growth, while townhouses and condos saw increased listings but slower pending sales. Buyers now have a broader selection across both sectors, while sellers face growing competition and evolving market dynamics.

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Real Estate Market Update for Palm Beach County in January 2025

January 2025