Palm Beach County is experiencing a notable rebound in its housing market as both home sales and prices reach new highs in 2025. Recent data indicates that the area is attracting increased interest, especially among affluent buyers, despite ongoing challenges like higher mortgage rates and longer selling periods.
Key Takeaways
- Home sales in Palm Beach surged nearly 20% year-over-year by November 2025, hitting 1,706 transactions.
- Single-family and condo sectors saw double-digit growth, with luxury sales leading the charge.
- Median prices for single-family homes neared record levels, posting a decade-long doubling.
- Inventory levels remain below pre-pandemic averages, but there’s more room to negotiate for buyers.
- Cash purchases dominate, reflecting strong activity from investors and affluent buyers.
Surge in Sales Across Property Types
The Palm Beach area saw overall residential sales climb substantially, including a sharp 19% rise in single-family home transactions and a 20.7% increase in condo sales in November 2025. Notably, sales of homes priced above $1 million also jumped over 20% compared to last year. These gains returned year-to-date totals for single-family homes above 2024’s figures, despite many buyers facing tougher borrowing conditions.
Home Prices and Market Dynamics
Median prices for single-family homes edged up to around $605,000 in November, a slight 0.8% increase from last year but about 109% higher than in 2015. Condominium prices, meanwhile, grew by 3.2% year-over-year, setting the median at $320,000 and reflecting a 130% gain over the past decade. Although price gains have moderated, Palm Beach continues to be one of Florida’s most expensive and desirable markets.
Inventory and Selling Conditions
Total active listings in Palm Beach slipped by 2.2% year-over-year to under 13,000, with distinct trends for houses versus condos. Single-family home inventory declined by almost 3%, while condo listings saw a 1.7% decrease. The region’s months’ supply metric pointed to a balanced market for houses (around five months of inventory) but a buyer’s market for condos (above nine months’ supply).
Homes are spending more time on the market, with single-family residences taking a median of 41 days to find a buyer, while condos averaged 65 days. Sellers received about 94% of their original asking price for houses and 92% for condos, indicating buyers have greater negotiation leverage.
Luxury and Cash-Driven Market
Affluent and investment-driven buyers remain significant players, with Palm Beach poised to close the year with nearly as many ultra-luxury ($10 million+) sales as the pandemic peak in 2021. Cash buyers accounted for nearly half of all transactions—more than the national average—with even higher rates among condo sales (over 56%).
Outlook: Firm Demand With Opportunities for Buyers
Dollar volumes for sales jumped by over 16% for all homes and nearly 34% for condos, pushing November’s total residential sales above $1.4 billion. Despite modest increases in listings, buyers are finding opportunities to negotiate more favorable deals, especially in the condominium segment.
Palm Beach’s housing market is regaining momentum as high-end demand bolsters prices and transaction volumes, even as the region transitions into a steadier post-pandemic phase. With minimal distressed sales and continued strong competition for desirable properties, Palm Beach is set to remain an attractive destination for homebuyers and investors alike.
Sources
- Greater Palm Beach Area Home Sales Surge in Late 2025, The World Property Journal.
- Greater Palm Beach Area Residential Sales Posts Strong Gains in September, The World Property Journal.