June 2025
West Palm Beach Market Update
The real estate market in West Palm Beach continued to reflect shifting buyer and seller behavior in June 2025, with changes in inventory levels, closed sales, and price points across both single-family homes and townhouse/condo segments. Here's a closer look:
West Palm Beach Single-Family Home
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Closed Sales: 72 homes sold, down 6.5% year-over-year
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Median Sales Price: $520,000, a 15% decline from June 2024
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Active Inventory: 455 listings, an increase of 19%
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Months Supply of Inventory: Rose to 6.8 months, up from 5.5 months last year
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New Listings: 97 homes, up 6.6% from a year ago
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New Pending Sales: 57 homes, a 30% drop from June 2024
The single-family market is adjusting to slower buyer activity, as increased inventory and longer market times indicate a more balanced environment compared to the previous year.
West Palm Beach Townhouses and Condos
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Closed Sales: 57 units, down 32% year-over-year
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Median Sales Price: $275,000, a 22% decrease
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Active Inventory: 686 properties, up 2.2%
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Months Supply of Inventory: Increased to 11.9 months, from 8.3 months last year
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New Listings: 131, a 27% increase
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New Pending Sales: 70, up 1.4%
Townhouse and condo sellers are facing greater competition as inventory levels rise and prices trend downward. Despite this, new pending sales held steady, suggesting demand is still present but more selective.
