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West Palm Beach Market Report

$1,521,633

AVERAGE PRICE OF 1,783 HOMES

$4,062,988

AVERAGE PRICE OF 546 MULTI-MILLION DOLLAR HOMES

$5,621,697

AVERAGE PRICE OF 97 NEWLY BUILT HOMES

$2,827,414

AVERAGE PRICE OF 594 HOMES WITH A POOL

$976,670

AVERAGE PRICE OF 87 REDUCED PRICE HOMES

$270,646

AVERAGE PRICE OF 16 DISTRESSED HOMES

Average Home

Average Price $1,521,633
Avg Bedrooms 2.72 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $342,748
2 bedrooms $677,602
3 bedrooms $1,490,844
4 bedrooms $2,999,815
5 bedrooms $2,870,100
West Palm Beach Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 1,725 1,749 1,756 1,746 1,727
Average Price $1,457,835 $1,359,475 $1,303,102 $1,286,645 $1,284,320
Avg Price Change +7.24% +4.33% +1.28% +0.18% n/a
Median Price $665,552 $632,791 $593,012 $577,515 $574,045
Med Price Change +5.18% +6.71% +2.68% +0.60% n/a
Avg Bedrooms 2.73 beds 2.74 beds 2.67 beds 2.69 beds 2.67 beds
Avg Bathrooms 2.3 baths 2.3 baths 2.27 baths 2.27 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Cooper City 1 $600,000 37 days
Forest Hill Community High School 95 $1,367,134 76 days
John I. Leonard High School 35 $330,931 40 days
Palm Beach Central High School 22 $1,014,032 67 days
Palm Beach Lakes High School 144 $490,818 83 days
Seminole Ridge Community High School 30 $1,156,420 85 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,783 $1,521,633 129 days
Multi-Million Dollar Homes 546 $4,062,988 134 days
Newly Built Homes 97 $5,621,697 130 days
Homes with a Pool 594 $2,827,414 129 days
Reduced Price Homes 87 $976,670 76 days
Distressed Homes 16 $270,646 231 days

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Daragh And Kelly McCaffrey
100 S Dixie Highway Ste 202
West Palm Beach, FL 33401
561-766-2195

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