Palm Beach, FL housing market

The median sale price in Palm Beach, FL was $2.01M in May 2026, down 46.9% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $2.49M, easing from $2.69M across the three months before that. That puts prices 33.2% below the strongest three-month stretch on record here, which ended in Jan 2025 at $3.73M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $2.15M for Jun 2026, down 1.0% year over year.

Buyers had 250 homes to choose from in May 2026, down 27.5% year over year (Redfin). At the current sales pace that standing inventory works out to 4.5 months of supply; convention treats four to six months as a balanced market, which puts Palm Beach, FL squarely inside it. 30 homes came to market in May 2026, up 15.4% year over year, against 56 closings, up 47.4% year over year. Homes that sold in May 2026 took a median of 77 days to go under contract, 56 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 12% settled above asking, and the average sale landed at 93% of its final list price. 16% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Palm Beach, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.