July 2026
West Palm Beach Market Update
West Palm Beach Single-Family Home
The single family segment set the tone. Ninety homes closed in June, a 25 percent increase over last year, and the median sale price climbed to $719,000, up a striking 38 percent year over year. That kind of price movement rarely happens by accident. It reflects a combination of steady demand and a shrinking pool of available homes, with active inventory falling 16 percent to 384 listings. Months supply eased to 4.8 months from 6.8 a year ago, nudging the segment closer to balanced conditions and away from the buyer leaning environment that defined last summer. New listings ticked up only slightly, but 87 new pending sales, a 53 percent jump, suggest that buyers who have been watching from the sidelines are stepping off them.
West Palm Beach Townhouses and Condos
The townhouse and condo market is behaving differently but is also gaining traction. Closed sales rose 35 percent to 77, and the median price reached $405,000, a 47 percent year over year gain that speaks to buyers reaching further for well located, move in ready units. Active inventory dropped 17 percent to 569, and months supply eased from 11.9 to 8.4, still ample but noticeably healthier. Fewer new listings paired with a modest bump in pending sales points to attached homes becoming more competitive at attractive price points, particularly for first time buyers and downsizers.
The bottom line is that West Palm Beach is tilting toward sellers in single family, while the townhouse and condo segment is quietly firming underneath. Buyers should expect stronger competition on sharply priced homes, and sellers should recognize that pricing accuracy matters more than ever as values reset higher.
If you are weighing a move, curious what your property could command in this shifting market, or looking for a data driven read on a specific West Palm Beach neighborhood, The Branham Group is ready to help you make a confident, well informed decision.
