May 2025
West Palm Beach Market Update
The West Palm Beach housing market in May 2025 reflected a mix of price growth and slower buyer activity. While home values continued to rise, sales volume and new listings saw a pullback, contributing to longer market times and increased inventory levels. Both the single-family and townhouse/condo segments are feeling the effects of these evolving conditions.
West Palm Beach Single-Family Home
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Closed Sales: 76 (↓ 12% year-over-year)
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Median Sales Price: $777,500 (↑ 41% year-over-year)
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Active Inventory: 449 (↑ 11% year-over-year)
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Months Supply of Inventory: 6.7 months (↑ from 5.8 months last year)
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New Listings: 81 (↓ 24% year-over-year)
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New Pending Sales: 66 (↓ 12% year-over-year)
Home prices continue to climb sharply, even as buyer demand eases. Fewer new listings and slower pending sales suggest that sellers are taking a wait-and-see approach, while buyers face affordability pressures and more time to choose from a growing selection.
West Palm Beach Townhouses and Condos
