West Palm Beach, FL Home Values & Market Trends
Real estate market trends reflect that there have been 4,429 transactions over the past year in West Palm Beach. The median value for residential home transactions that occurred over the previous year is $379,097.3. The number of current listings in West Palm Beach is 783, and the percentage of properties for sale in the city is 783.00%. West Palm Beach, FL currently has 816 properties in foreclosure, 7 bank owned properties, 42 properties headed for auction, and 783 properties for sale.
West Palm Beach, FL Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
33401 | $ 509,000 $ 373/sqft | 33412 | $ 999,450 $ 395/sqft |
33417 | $ 152,034 $ 193/sqft | 33409 | $ 258,000 $ 233/sqft |
33411 | $ 341,247 $ 250/sqft | 33406 | $ 448,291 $ 283/sqft |
33404 | $ 799,000 $ 540/sqft | 33403 | $ 404,049 $ 310/sqft |
33415 | $ 201,423 $ 201/sqft | 33413 | $ 456,000 $ 279/sqft |
33407 | $ 431,328 $ 347/sqft | 33416 | $ -- $ -- |
33405 | $ 949,000 $ 647/sqft | 33420 | $ -- $ -- |
Housing Market Summary for West Palm Beach, FL
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $445.9K | $326.4K | -26.81% |
Median Sold Price | $327.1K | $326.4K | -0.21% |
Homes For Sale | 602 | 764 | 26.91% |
Homes Sold | 3,064 | 2,235 | -27.06% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in West Palm Beach, FL
Browse Homes in West Palm Beach, FL
West Palm Beach home values range from $21,970 to $48,102,660. The median estimated value of a home in West Palm Beach is $379,097.3. The median list price of a home is 325,000, and the total count of properties in the city is 84,289.
- Pre-ForeclosurePre-foreclosure homes account for 0.91% of all residential properties in West Palm Beach, FL with 33411 containing 197 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 14 zips within West Palm Beach, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $2,572,774 in 33412 to the lowest home value of $72,387 in 33417.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in West Palm Beach, FL ranges from the highest value of $125,586 in 33407 to the lowest value of $124,450 in 33415. Bank owned homes and properties account for 0.01% of properties in West Palm Beach, FL. There are 14 zips within West Palm Beach, FL; 33415 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33411 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of West Palm Beach, FL. Auction homes and other auction properties account for 0.05% of all properties in West Palm Beach, FL. There are 14 zips within West Palm Beach, FL; of those zips, the median estimated home value for homes going to auction ranges from $950,000 in 33412 to the lowest value of $142,090 in 33412.
Compare Nearby Cities
More Real Estate Resources for West Palm Beach, FL
Guide for West Palm Beach, FL
The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.
An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.
The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.
This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.