February 2025
Palm Beach Gardens Market Update
The Highland Beach real estate market experienced a mix of softening activity and growing inventory this February compared to last year. Both the single-family and townhouse/condo segments reflect shifting conditions that buyers and sellers should watch closely.
Palm Beach Gardens Single-Family Homes
In February 2025, Highland Beach’s single-family home market saw a decrease in activity and pricing:
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Closed Sales: 57 homes sold, down 6.6% from last year.
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Median Sales Price: $1,000,000, down 7.0% year-over-year.
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Active Inventory: 377 homes, up 20% from a year ago.
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Months Supply of Inventory: Increased to 5.9 months, up 4.8 months year-over-year.
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New Listings: 120 new homes hit the market, rising 15% from last February.
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New Pending Sales: Dropped 14%, with 78 homes going under contract.
The growing inventory and longer months of supply suggest a market leaning further in favor of buyers, while prices and sales continue to ease.
Palm Beach Gardens Townhouses and Condos
The townhouse and condo market in Palm Beach Gardens remained steady in sales but saw a substantial rise in inventory:
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Closed Sales: 41 townhouse and condo sales, unchanged from last year.
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Median Sales Price: $395,000, up 3.1% year-over-year.
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Active Inventory: 302 units, surging 52% from a year ago.
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Months Supply of Inventory: Grew to 6.8 months, an increase of 4.2 months.
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New Listings: 86 new townhouse and condo listings, up 12%.
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New Pending Sales: Steady at 47 contracts.
Rising townhouse and condo inventory, coupled with steady sales, gives buyers more leverage while prices inch upward.
