Palm Beach County Q3 2025 Market Report

Palm Beach County Q3 2025 Market Report

After two years of rapid appreciation and intense demand, Florida’s East Coast is continuing to move toward balance. Across the region, buyers are becoming more selective, inventory is rising in pockets, and pricing stability varies widely from county to county.

Yet amid this shift, one market continues to stand out.

Palm Beach County remains the East Coast’s most resilient luxury market—leading in pricing, outperforming in single-family sales, and attracting the region’s strongest pool of well-capitalized buyers. While some counties eased, Palm Beach held firm and, in several areas, strengthened.

Florida’s East Coast: Setting the Stage

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Palm Beach County continues to outperform its neighbors across key metrics including median pricing, price per square foot, and single-family sales volume. With this foundation, let’s take a closer look at the county’s Q3 performance.

Palm Beach County: Where Stability Meets Demand

Single-Family Homes: Continued Strength at the High End

Palm Beach County’s single-family market demonstrated remarkable depth this quarter:

• Median Sales Price: $1,600,000 (–1% year over year)

• Median Price per Square Foot: $533 (flat year over year)

• Closed Sales: 778 (+9% year over year)

• Active Listings: 1,990

• Average Days on Market: 78 (essentially unchanged)

Even with a slight dip in median pricing, the county recorded one of the strongest gains in sales volume across Southeast Florida, fueled largely by demand in the $3M–$10M category. This is where the region’s most strategic buyers are concentrating—prioritizing waterfront homes, walkable enclaves, and amenity-rich club communities.

Town-Level Single Family Highlights

Several towns delivered standout performance:

• Palm Beach Gardens: +8% median price and +36% increase in sales

• Wellington: +20% median price

• Jupiter: Stable pricing and double-digit sales growth

• Manalapan, Jupiter Inlet Colony, and Highland Beach: Significant price gains driven by ultra-luxury closings

Meanwhile, towns with smaller sample sizes—such as Juno Beach and North Palm Beach—showed quarter-to-quarter fluctuations not indicative of broader trends.

Bottom line: The single-family home market remains one of Palm Beach County’s most compelling strengths.

Condominiums: Strongest Price Gains on the East Coast

Palm Beach County delivered a standout performance in the condominium market, posting the strongest year-over-year median price increase of any major county along Florida’s East Coast.

• Median Sales Price: $1,775,000 (+15% year over year)

• Median Price per Square Foot: $850 (+5% year over year)

• Closed Sales: 158 (–18% year over year)

• Active Listings: 816

• Average Days on Market: 118

Prices surged thanks to continued demand for newer, amenity-rich buildings—especially those in waterfront and walkable locations. And while sales volume dipped, the pricing strength signals ongoing confidence from luxury buyers.

Notable Town-Level Condo Trends

• Delray Beach: +54% median price

• Palm Beach: +20% median price

• North Palm Beach: +37% median price

• Palm Beach Gardens: +10% median price and +37% growth in PPSF

• Singer Island: PPSF stability despite lower volume

Buyers remain committed to high-quality product. They’re simply taking more time—and expecting more value.

How Palm Beach Compares to Neighboring Counties

When compared with Miami-Dade, Broward, and Martin Counties, Palm Beach continues to lead in both pricing and performance.

Palm Beach County Highlights vs. the Region

• Highest median single-family price on the East Coast

• Highest median condo price among major counties

• Single-family sales growth when several counties experienced contraction

• Most consistent pricing trendlines despite rising selectivity

While Miami-Dade saw modest improvements in condo sales and Broward experienced a rebound in condo closings, both counties faced pricing volatility and extended days on market. Martin County reflected the most noticeable slowdown, with declining condo volume and a small pool of higher-end transactions.

Palm Beach County remains the exception—not because it’s insulated, but because demand here is driven by long-horizon buyers prioritizing lifestyle, tax advantages, and consistent value retention.

The Trends Shaping the Back Half of 2025

1. Inventory Is Rising—But in a Controlled Way

Unlike other counties where inventory jumped sharply, Palm Beach’s increases were modest and manageable. This supports pricing stability and gives buyers more optionality.

2. Buyers Are More Selective, Not Less Interested

Cash remains dominant—especially in the $5M+ tier. Buyers want quality, modern amenities, and strong lifestyle alignment. They’re willing to wait for the right home but are acting decisively when they find it.

3. Ultra-Luxury Sales Continue to Steady the Market

Sales such as a $28M Manalapan closing and a $5.8M Jupiter Inlet Colony transaction demonstrate continued confidence at the top end—often a leading indicator for the broader luxury market.

4. Days on Market Are Normalizing

The slight increase reflects buyer discernment, not a slowdown. Properties that are well-located and properly priced are still attracting immediate engagement.

5. New Development Is Elevating the Market

Projects in Palm Beach, West Palm Beach, North Palm Beach, and Delray continue to attract out-of-state buyers seeking modern design, privacy, resort-level amenities, and proximity to dining, culture, and waterfront living.

What This Means for You

For Sellers

Today’s buyers expect:

• Strategic pricing

• Elevated staging

• Professional-level presentation

• Strong digital and agent-to-agent exposure

Homes that deliver this are still selling quickly—and commanding strong prices.

For Buyers

Opportunity is growing in segments where pricing has stabilized, especially in:

• Waterfront condos

• Club communities

• Walkable beach towns

• New development with strong lifestyle amenities

Timing and terms remain key leverage points.

Navigating Your Next Move in Palm Beach County

Whether you’re repositioning an estate, exploring club communities, or searching for your next seasonal home, the right strategy can help you make the most of this evolving market.

I guide my clients with data-driven insight, local expertise, and a deep understanding of the nuances within each town and community.

Let’s explore the strategy that fits your next move.

—
Nadine Fite
Luxury Real Estate Advisor
📧 [email protected] | 📱 917.513.9592
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