West Palm Beach, FL metro area Housing Market

Cold Market

Comprehensive housing market data for the West Palm Beach, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: March 2026

Median Sale Price

$515K

1.0% YoY

Days on Market

86 days

3.4% YoY

Active Inventory

13,320

10.3% YoY

Homes Sold

2,509

15.9% YoY

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

West Palm Beach, FL metro area Market Summary

The West Palm Beach, FL metro area housing market is cooling down. As of March 2026, the median home sale price is $515K, down 1.0% year-over-year. Homes are spending a median of 86 days on the market, 3.4% shorter than a year ago.

There are 13,320 homes for sale — 10.3% fewer than last year. With 5.3 months of supply, this is a balanced market. 3,416 new listings were added during this period, down 7.2% year-over-year.

Homes are selling for 95.0% of their list price on average, suggesting room for negotiation. 6.7% of homes sell above their asking price. 27.1% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

86

Contributing Factors

Months of Supply 5.3
Days on Market 86
Price Drops 27.1%
Sale-to-List Ratio 95.0%
Market Temperature Cold

How This Market Compares

vs. National Median

Median Price (National: $437K) 17.9%
Days on Market (National: 55) 56.4%
Inventory (National: 1,314,690) 99.0%

vs. Florida Median

Median Price (Florida: $417K) 23.5%
Days on Market (Florida: 77) 11.7%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.

West Palm Beach, FL metro area Market Trends

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Detailed Market Metrics

Median List Price

$545K

Price per Sq Ft

$304

Sale-to-List Ratio

95.0%

Months of Supply

5.3

Sold Above List

6.7%

Price Drops

27.1%

New Listings

3,416

7.2% YoY

Pending Sales

3,223

Off Market in 2 Weeks

18.0%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.