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West Palm Beach Market Report

$1,361,371

AVERAGE PRICE OF 1,786 HOMES

$3,699,319

AVERAGE PRICE OF 515 MULTI-MILLION DOLLAR HOMES

$4,530,047

AVERAGE PRICE OF 118 NEWLY BUILT HOMES

$2,349,763

AVERAGE PRICE OF 609 HOMES WITH A POOL

$1,423,830

AVERAGE PRICE OF 58 REDUCED PRICE HOMES

$406,699

AVERAGE PRICE OF 10 DISTRESSED HOMES

Average Home

Average Price $1,361,371
Avg Bedrooms 2.47 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $330,201
2 bedrooms $842,496
3 bedrooms $1,290,197
4 bedrooms $3,103,514
5 bedrooms $2,982,877
West Palm Beach Home Price Trends
  9/2023 8/2023 7/2023 6/2023 5/2023
Total Listings 1,751 1,746 1,826 1,918 1,982
Average Price $1,376,818 $1,367,804 $1,389,537 $1,366,914 $1,394,353
Avg Price Change +0.66% -1.59% +1.66% -2.01% -0.61%
Median Price $628,798 $622,762 $628,365 $614,877 $639,360
Med Price Change +0.97% -0.90% +2.19% -3.98% +0.33%
Avg Bedrooms 2.5 beds 2.5 beds 2.55 beds 2.55 beds 2.59 beds
Avg Bathrooms 2.18 baths 2.18 baths 2.22 baths 2.22 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Forest Hill Community High School 109 $1,288,636 84 days
John I. Leonard High School 27 $351,188 70 days
Palm Beach Lakes High School 114 $489,873 85 days
Royal Palm Beach High School 19 $605,031 176 days
Seminole Ridge Community High School 24 $1,373,120 103 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,786 $1,361,371 168 days
Multi-Million Dollar Homes 515 $3,699,319 174 days
Newly Built Homes 118 $4,530,047 204 days
Homes with a Pool 609 $2,349,763 170 days
Reduced Price Homes 58 $1,423,830 110 days
Distressed Homes 10 $406,699 133 days

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Keller Williams | Palm Beach Island
Renee Goodemote
250 S. Australian Ave Suite 1107
West Palm Beach, FL 33401
561-757-0676

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