The West Palm Beach housing market is not very competitive. Homes in West Palm Beach receive 2 offers on average and sell in around 85 days. The median sale price of a home in West Palm Beach was $479K last month, up 19.8% since last year. The median sale price per square foot in West Palm Beach is $310, up 9.3% since last year.
What is the housing market like in West Palm Beach today?
In April 2024, West Palm Beach home prices were up 19.8% compared to last year, selling for a median price of $479K. On average, homes in West Palm Beach sell after 85 days on the market compared to 76 days last year. There were 267 homes sold in April this year, up from 229 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$479,000
+19.8% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
West Palm Beach, FL
$479,000
+19.8%
United States
To compare other locations to the West Palm Beach and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in West Palm Beach add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the West Palm Beach housing market?
West Palm Beach is not very competitive. Homes sell in 79.5 days.
0
100
21
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 80 days.
Hot homes
can sell for around list price and go pending in around 41 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
West Palm Beach, FL
95.1%
-0.26 pt
United States
West Palm Beach Migration & Relocation Trends
In Feb '24 - Apr '24, 27% of West Palm Beach homebuyers searched to move out of West Palm Beach, while 73% looked to stay within the metropolitan area.
Where are people moving to West Palm Beach from?
Across the nation, 3% of homebuyers searched to move into West Palm Beach from outside metros.
New York homebuyers searched to move into West Palm Beach more than any other metro followed by Washington and Boston.
Where are people from West Palm Beach moving to?
73% of West Palm Beach homebuyers searched to stay within the West Palm Beach metropolitan area.
Cape Coral was the most popular destination among West Palm Beach homebuyers followed by Orlando and Sarasota.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for West Palm Beach
Explore recent offers and recently sold homes in West Palm Beach
Recent offers
Offer Not Accepted|
6 Weeks Ago
~$650K Offer
Sold for $650K
3bd | 2ba | ~2,000sqft
Under List Price
10%
Days on Market
170
Competing Offers
—
Down Payment
—
Maria Castillo
West Palm Beach Redfin Agent
View houses in West Palm Beach that sold recently
Recently sold homes
SOLD MAY 17, 2024
$280,000 Last Sold Price
2 beds
2 baths
1,134 sq ft
2000 Presidential Way #505, West Palm Beach, FL 33401
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on West Palm Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in West Palm Beach.
Risk Factor
Flood Factor - Moderate
34% of properties are at risk of severe flooding over the next 30 years
Flood Factor
West Palm Beach has a moderate risk of flooding. 3,893 properties in West Palm Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 34% of all properties in West Palm Beach. Flood risk is increasing faster than the national average.
25% of properties are at risk of wildfire over the next 30 years
Fire Factor
West Palm Beach has a major risk of wildfire. There are 7,650 properties in West Palm Beach that have some risk of being affected by wildfire over the next 30 years. This represents 25% of all properties in West Palm Beach.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
West Palm Beach has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. West Palm Beach is most at risk from hurricanes. 30,343 properties in West Palm Beach have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 220 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 237 mph.
99% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
West Palm Beach has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in West Palm Beach have an Extreme Heat Factor®.
West Palm Beach is expected to see a 257% increase in the number of days over 105ºF over the next 30 years. West Palm Beach is expected to experience 7