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West Palm Beach, FL Market Statistics and Real Estate Trends

West Palm Beach, FL May 1, 2012 - West Palm Beach's home resale inventories decreased slightly, with a 4 percent decrease since April 2012. Distressed properties such as foreclosures and short sales decreased as a percentage of the total market in May. The median listing price in West Palm Beach stayed the same from April to May. There were a total of 46 price increases and 336 price decreases.

West Palm Beach, FL Market Snapshots *

 Today1 Month Ago6 Months Ago1 Year Ago2 Years Ago
Total Inventory17991864 4%2160 20%2733 52%349 -81%
Median List Price$149,000$149,000$130,900 -12%$110,000 -26%$82,000 -45%
  % Distressed 
4%5%7%9%27%
Median Days
on Market
95100 5%118 24%130 37%36 -62%
Median House Size15501632 5%1571 1%1468 -5%1162 -25%
Median Price
Per Sq. Ft.
$79$81 3%$74 -6%$72 -9%$75 -5%
 Today1 Month Ago6 Months Ago1 Year Ago2 Years Ago
Total Inventory868898 3%1030 19%1203 39%113 -87%
Median List Price$249,000$249,900$225,000 -10%$199,900 -20%$157,900 -37%
  % Distressed 
4%6%9%8%19%
Median Days
on Market
98103 5%113 15%134 37%36 -63%
Median House Size26802697 1%2501 -7%2268 -15%1560 -42%
Median Price
Per Sq. Ft.
$95$96 1%$88 -7%$89 -6%$91 -4%
 Today1 Month Ago6 Months Ago1 Year Ago2 Years Ago
Total Inventory931966 4%1130 21%1530 64%236 -75%
Median List Price$70,000$71,000 1%$69,900$65,000 -7%$60,000 -14%
  % Distressed 
5%4%5%10%31%
Median Days
on Market
9093 3%124 38%124 38%36 -60%
Median House Size11141130 1%1130 1%1125 1%1060 -5%
Median Price
Per Sq. Ft.
$59$59$57 -3%$57 -3%$58 -2%

West Palm Beach, FL Market Data Chart *

 6/117/118/119/1110/1111/1112/111/122/123/124/125/12
Price Reductions506437454416423349342400391367336231
Number of
New Listings
616564655551588616562615654827600388
Listings
Sold/Expired
867967929766781809718836858937661324
 6/117/118/119/1110/1111/1112/111/122/123/124/125/12
Price Reductions262258264215245204199247236201181132
Number of
New Listings
275282296255270262237276322314271189
Listings
Sold/Expired
395419425314384365317388411432326225
 6/117/118/119/1110/1111/1112/111/122/123/124/125/12
Price Reductions24417919020117814514315315516615599
Number of
New Listings
341282359296318354325339332513329199
Listings
Sold/Expired
472548504452397444401448447505335235
* Historical data may be incomplete in some areas.
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West Palm Beach, FL Market Data Graphs

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More Content on Movoto

Most Expensive House

622 N Flagler Dr #PH 3, West Palm Beach - 5 Beds, 6 Baths, $8,900,000
622 N Flagler Dr #PH 3, West Palm Beach
Details
PALM BEACH OCEAN & LAKE VIEWS, WATERMARK PENTHOUSE CONDO, 2-STORY UNIT OVERLOOKING ALL OF PALM BEACH, FULL SERVICE BUILDING. 4-BEDROOMS + OFFICE + EXERCISE ROOM, THE UNIT HAS PRIVATE 3-CAR GARAGE AND PRIVATE ELEVATOR ON EACH LEVEL. BEAUTIFULLY APPOIN 
Read More

Least Expensive House

422 Windsor R #4220, West Palm Beach - 1 Beds, 1 Baths, $9,900
422 Windsor R #4220, West Palm Beach
Details
Unbelievable buy for this 2nd floor condo only steps to pool and entrance. No rentals or pets! 
Read More

Highest Square Footage

622 N Flagler Dr #PH 3, West Palm Beach - 5 Beds, 6 Baths, $8,900,000
622 N Flagler Dr #PH 3, West Palm Beach
Details
PALM BEACH OCEAN & LAKE VIEWS, WATERMARK PENTHOUSE CONDO, 2-STORY UNIT OVERLOOKING ALL OF PALM BEACH, FULL SERVICE BUILDING. 4-BEDROOMS + OFFICE + EXERCISE ROOM, THE UNIT HAS PRIVATE 3-CAR GARAGE AND PRIVATE ELEVATOR ON EACH LEVEL. BEAUTIFULLY APPOIN 
Read More

Lowest Square Footage

422 Windsor R #4220, West Palm Beach - 1 Beds, 1 Baths, $9,900
422 Windsor R #4220, West Palm Beach
Details
Unbelievable buy for this 2nd floor condo only steps to pool and entrance. No rentals or pets! 
Read More
West Palm Beach, Florida real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the West Palm Beach homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in West Palm Beach. Movoto is your comprehensive source for West Palm Beach property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

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