March 2025
West Palm Beach Market Update
The West Palm Beach housing market in March 2025 reflected cooling buyer demand alongside growing inventory levels. Single-family homes and townhouses/condos experienced price adjustments, while the market continued transitioning to more balanced conditions. Here's a closer look at how each segment performed:
West Palm Beach Single-Family Home
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Closed Sales: 73 (down -6.4% year-over-year)
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Median Sales Price: $575,000 (down -8.3% year-over-year)
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Active Inventory: 496 homes (up 15% year-over-year)
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Months Supply of Inventory: 7.2 months (up from 6.5 months a year ago)
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New Listings: 154 (up 15% year-over-year)
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New Pending Sales: 94 (down -6.0% year-over-year)
Single-family home sales slowed slightly compared to last year, while prices saw a moderate decline. Increased inventory and longer months of supply suggest more choices for buyers and a shift toward a buyer-friendlier environment.
West Palm Beach Townhouses and Condos
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Closed Sales: 77 (up 6.9% year-over-year)
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Median Sales Price: $412,500 (up 30% year-over-year)
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Active Inventory: 801 units (up 21% year-over-year)
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Months Supply of Inventory: 12.3 months (up from 7.8 months a year ago)
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New Listings: 177 (up 13% year-over-year)
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New Pending Sales: 83 (down -22% year-over-year)
The townhouse and condo market in West Palm Beach saw strong price growth compared to last year. Although active inventory expanded and months of supply rose sharply, closed sales increased—highlighting selective but steady buyer interest. The rise in inventory creates new opportunities for buyers seeking a broader selection.
In March 2025, West Palm Beach saw expanding inventory and longer selling timelines across both the single-family home and townhouse/condo sectors. Buyers have more options, but sellers face more competition, especially in the townhouse and condo segment where months of supply surpassed 12 months.
