May 2025
Palm Beach Gardens Market Update
The Palm Beach Gardens market saw meaningful adjustments in May, with rising inventory and pricing trends shaping buyer and seller behavior. While closed sales declined, both the single-family and townhouse/condo segments showed contrasting momentum in price and activity.
Palm Beach Gardens Single-Family Homes
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Closed sales fell 13% year-over-year, totaling 82 sales.
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The median sales price rose 11% to $1,117,500.
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Active inventory increased 23% to 348 homes.
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Months supply of inventory rose to 5.6, up from 4.2 a year ago.
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New listings dropped 32% to just 70.
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New pending sales held steady at 68, unchanged from last year.
Despite fewer new listings and closed sales, higher prices and more available inventory suggest that sellers are pricing confidently while buyers navigate a shifting landscape.
Palm Beach Gardens Townhouses and Condos
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Closed sales declined 17% to 50 transactions.
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The median sales price decreased 7.6% to $395,000.
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Active inventory jumped 54% year-over-year to 307 units.
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Months supply increased from 4.2 to 7.2 months.
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New listings rose 13% to 70.
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New pending sales also grew, up 11% to 49.
The townhouse and condo market is clearly adjusting, with prices softening amid a rapid rise in inventory. However, buyer interest remains, as pending sales continue to improve.
