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33406 housing market

ZIP code · West Palm Beach · Palm Beach

The median sale price in ZIP code 33406 was $480K in May 2026, up 11.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $464K, firming from $419K across the three months before that. That puts prices 8.6% below the strongest three-month stretch on record here, which ended in Oct 2025 at $507K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $428K for Jun 2026, essentially flat year over year.

Buyers had 84 homes to choose from in May 2026, down 25.7% year over year (Redfin). 80 homes came to market in May 2026, down 27.9% year over year, against 75 closings, up 19.1% year over year. Homes that sold in May 2026 took a median of 90 days to go under contract, 29 days slower than this market's usual May pace.

Sellers were asking a median of $366K in Jul 2026, down 8.5% year over year (Realtor.com). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 23.6% below the closing median. Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 96% of its final list price. 18% of listings carried a price cut in Jul 2026.

This page tracks 18 monthly housing series for ZIP code 33406 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.

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Sources for 33406: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.