March 2025
Palm Beach Gardens Market Update
The Palm Beach Gardens housing market in March 2025 reflected continued adjustments as buyers and sellers navigated a growing inventory and evolving price trends. Here's a closer look at how both single-family homes and the townhouse/condo sectors performed this month:
Palm Beach Gardens Single-Family Homes
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Closed Sales: 83 (down -2.4% from March 2024)
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Median Sales Price: $982,500 (up 1.3% year-over-year)
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Active Inventory: 378 homes (up 31% year-over-year)
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Months Supply of Inventory: 5.9 months (up from 4.4 months a year ago)
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New Listings: 126 (up 30% year-over-year)
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New Pending Sales: 99 (up 3.1% year-over-year)
The single-family market saw a rise in inventory, offering more choices for buyers while prices inched upward compared to last year.
Palm Beach Gardens Townhouses and Condos
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Closed Sales: 41 (down -23% year-over-year)
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Median Sales Price: $500,000 (up 11% year-over-year)
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Active Inventory: 306 properties (up 46% year-over-year)
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Months Supply of Inventory: 7.1 months (up from 4.5 months a year ago)
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New Listings: 76 (up 17% year-over-year)
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New Pending Sales: 45 (down -6.3% year-over-year)
Townhouse and condo prices continued to climb even as buyer activity softened. A substantial increase in inventory may give future buyers more room to negotiate.
