South Palm Beach Housing Market Report March 2025•Palm Beach County, Florida

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Housing Prices in South Palm Beach, FL

How much do homes in South Palm Beach, FL cost?

Housing Market Conditions

Is South Palm Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

South Palm Beach is a Buyer's Market

Difference Since March 2024

At the same time last year, South Palm Beach was a Seller's Market.

Insight

South Palm Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$435,000$360/SqFt
-$30,000
-6.5%

Based on all homes sold in the last 12 months

Insight

Homes in South Palm Beach have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in South Palm Beach was $435,000 in March 2025, down 6.5% from last year, and the median price per square foot was $360.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Palm Beach
+26.3%
Lantana
0.5%
South Palm Beach
-6.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$300K$207.5K
-30.8%
2$482.5K$480K
-0.5%
3$1.1M$1.0M
-1.6%
4--
N/A
5--
N/A

Summary: South Palm Beach housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -30.8%. The home price for 2 bedroom homes decreased by -0.5%. The home price for 3 bedroom homes decreased by -1.6%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does South Palm Beach, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

South Palm Beach, FL

Housing supply in South Palm Beach, FL

How many homes are available in South Palm Beach, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
121Last MonthMar 2025
1162 months agoFeb 2025
+4.3 %
Change MoMFeb – Mar

Summary: The South Palm Beach real estate market had 121 homes for sale in Mar 2025, a 4.3 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthMar 2025
72 months agoFeb 2025
-28.6 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
12322
-4.3%
27985
+7.6%
31414
0.0%
400
0.0%
500
0.0%

Summary: South Palm Beach housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -4.3%. The inventory for 2 bedroom homes increased by +7.6%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in South Palm Beach, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price5 Homes

Insight

If you're buying a home in South Palm Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in South Palm Beach in March 2025, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for South Palm Beach, FL

How long does it take to sell a home in South Palm Beach, FL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days3 Homes

Insight

Most homes in South Palm Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 5 homes were sold in South Palm Beach; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
119 DaysThis YearMar 2025
60 Days1 year agoMar 2024
+97.9 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in South Palm Beach had an average listing age of 119 days in Mar 2025, up by 97.9% compared to the previous year.

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Newest Listings in South Palm Beach, FL

What homes are available in South Palm Beach, FL?

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Based on information from Beaches MLS, Miami MLS, Stellar MLS, and Daytona Beach MLS for the period 04/01/2023 - 04/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 9:19:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXIDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2025 Daytona Beach Area Association of REALTORS Multiple Listing Services. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 9:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.