Palm Beach County Real Estate Market 🏠| June 2025 Update for Single Family Homes
Palm Beach County Real Estate Market Update (Single Family Homes) June 2025
Palm Beach County Real Estate Market Update June 2025
Have you seen the reports from Zillow and Redfin saying that Palm Beach County is the second worst county in the entire country to be a home seller in right now? What does the data say for buyers and sellers and should we be scared?
In this video, I'm breaking down the latest single family home data in Palm Beach County— including median home sale price, how fast homes are selling, and whether the market is shifting in your favor.
My name is Casey Prindle, your Northern Palm Beach County Realtor. Every month, I break down the real numbers — so buyers and sellers like you can make smart, data-driven decisions.
If you’re looking to purchase or sell a home in Northern Palm Beach County including the towns of; Juno Beach, Jupiter, Loxahatchee, North Palm Beach, Palm Beach, Palm Beach Gardens, Riviera Beach, Royal Palm Beach, Tequesta, The Acreage, Wellington, West Palm Beach, and Westlake, you’ll want to pay attention to the data in this video, or you could end up costing yourself a lot of money. If we start working together I will drill down the data to focus on the town you’re looking at. This is an overall picture for the County, use it as a guide. But you’ll need to contact me using the contact form like in the description to let me know what area you’re looking to buy and sell in so I can cater this data to you.
If you’re looking for a Real estate agent whose a sleek salesman, or asking you to meet at an open house for some freshly baked cookies, I’m not your type or Realtor. I do data — clean, current, and actionable. That’s what the people I work with are looking for in a real estate agent. Let's dive into the June 2025 Palm Beach County Real Estate Market Report.
The median price of a single family home in Palm Beach County is now $679,500.
There are a lot of stats people love to pay attention to, median pricing is one of them. I honestly don’t think this tells you enough about the market. I think there are better stats, mainly the number of homes that have sold, how long it took those homes to sell, and how much inventory exists. The chart for median price when looking at the entire Palm Beach County market is smoother than it’s going to be for someplace like Jupiter that had 86 sales last month, or Loxahatchee which had 35 sales, or Tequesta which had only 4 sales! Town by town stand alone the charts are almost meaningless due to lower total sales. Look here’s the takeaway, the chart is up and to the right until we level off around the end of 2023 through the beginning of 2024 where it levels off. With the exception of a few peaks and valleys we’ve been range bound. Despite all the doom and gloom headlines from the national media, Palm Beach County real estate has not cratered. Data doesn’t say that.
Total number of homes sold in Palm Beach County:
Now this is a wildly meaningful chart! Not a whole lot else matters than how many people are actually buying homes. Let’s call it 1,180 sales May of 2025, down from 1,340 sales in May of 2024. Right now you’re looking at this chart and saying but wait, is this thing curling down? Is the sky going to fall right now? Is this the great housing recession all over again. Slow it down. Let’s look back year by year here. Watch what happens EVERY January through May/June. We run up, then peak, then head down. EVERY YEAR. This is seasonality. Through December we’re going to have weaker sales vs the first 5 or 6 months of the year. This is how sales in Palm Beach County go. So whose this good for and whose this bad for? If sales are declining I want to be a Buyer because I know Sellers are seeing less offers and in all likelihood I have a better chance at negotiating. If I’m a Seller and I see this data and I can hold off on listing until the Fall (January sales were likely homes that were on the market in November and December), that’s what I would do. This is how you use the data and make the market work for you. So Buyers, let’s go, get in touch with me, this is the time of year to go shopping!
List to sales price in Palm Beach County:
For those of you knew to this analysis, list to sales price is the percentage of original listing price properties are selling for. A higher number favors sellers, a lower number favors Buyers as it shows more room for negotiation and price reductions are happening. I point this chart out to note a few things. First, if you want to make an offer 20% off listing price, stats say that’s likely not going to work. Sellers, this chart says you need to negotiate on price in most instances so don’t be impossible and inflexible when an offer comes through! We’re not in the Covid Sellers market anymore. Take a look at this Covid spike, this was silly, this wasn’t rational, but look we came back down to equilibrium right? Homes are selling for roughly 95% of their original asking price. Good piece of data for people to have.
If you’re looking to purchase a home in Northern Palm Beach County including the towns of; Juno Beach, Jupiter, Loxahatchee, North Palm Beach, Palm Beach, Palm Beach Gardens, Riviera Beach, Royal Palm Beach, Tequesta, The Acreage, Wellington, West Palm Beach, and Westlake, please do one of the following. Give me a call or text at (786)443-7203, and tell me where you are in your home search and what you’re looking for. If you don’t want to call me because I somehow scare you, email me at caseyprindle@gmail.com and tell me what you’re looking for.
Days on market in Palm Beach County:
The days of market are going to be the number of days a home is actively listed before going to pending sale. This is not how long it takes to close, just to go from active to pending. So if you see our average days on market is 47 days Sellers you have to add on another 30 to 45 days for closing to get a clear picture of when you’ll have to have your things in moving boxes and you’re on the way out of a home. So let’s look at some context here. So despite the news headlines if I told you it was taking less time to sell a house now than it was in May of 2023 would you believe me? The housing market is supposed to be worse now than it's been right? Look I’m not saying we’re out of the woods here or that this market isn’t challenging, it is. A lot of listings are sitting, undoubtedly. This tracks the homes that sold. If you have a home that’s priced above market and it doesn’t sell then comes off the market, it doesn’t go into this figure, this is just applicable to closed sales. So who is this good for who is this bad for. Higher days on market are good for Buyers. It means they’re less pressured to make a quick decision on a home they see. Lower days on market is good for Sellers, it means they can be less rational with pricing and still find a Buyer.
Median price per square foot in Palm Beach County:
If you’ve listened to me on any of my other videos, you know to tune this out, it’s the same thing still. Median price per square foot of Palm Beach County home sales, has been flat lined between $300 and $350 psf for more than 2 years. The good stuff is selling and the good stuff costs more. I just keep saying this. Buyers don’t want to buy a DIY project right now. That whole make it your own thing went out years ago. Sellers have to recognize this and provide a product in very good condition or risk expiring without sale.
Total dollar volume of Palm Beach County Home Sales:
Don’t pay attention to total dollar volume. Seriously. Want to know why I’m saying that? So the total dollar volume on 1,179 sales was $1.6 billion. That’s a big number right? What if I pointed out that the top 25 sales that took place accounted for $514 million of that volume. More than 30% of the total dollar volume was made up from 25 sales which is only 2% of the total transactions. We live in an area with incredible affluence with homes that sell at eye watering prices. We’re not a normal marketplace. Because of that fact it makes total dollar volume a pretty pointless stat to chase in my opinion.
There’s a lot of data out there about Palm Beach County real estate statistics. You can find data on all of Jupiter in my videos. But what about those who live in specific places like Jupiter Farms (where I live), or The Acreage. There is no data set like that, so I create them when I’m working with people. If you’re thinking of Buying or Selling a home in Northern Palm Beach County please call, or text me at (786)443-7203, and ask for a copy of a report specific to you. I’ll be happy to email it over. I think it’s really interesting data, and I create them for free to give out with no obligation, so call or text me (786)443-7203.
Months of inventory
I’ve saved the best stat, in my opinion, for last. Less inventory is good for Sellers and bad for Buyers. What changes this is chart is one of two things. A change in the pace of sales, a change in the number of listings. First, nationally people consider 6 months of supply to be market neutral favoring neither buyers nor sellers. Locally I would say if you did some line drawing were at around 4 months as a balanced market. I will say it feels like it’s easier to be a Buyer than a Seller right now, that’s my boots on the ground doing this everyday opinion. Anyways, supply is up over 12% year over year. Meaning Buyers have more choice than they did a year ago which is great for them. But let’s talk about the direction of this chart and what it could mean. It looks like our inventory is curling down. This could come from a few things. A lot of Sellers are just deciding now is not the time to sell and either pulled their listings off the market, cancelled them, or let them expire. Mix that with Buyer demand slowing, but clearly not disappearing (see the 1,200 homes that sold last month) and it makes sense that inventory will come down. Here’s the thing Buyers, if inventor comes down this isn’t good for you. So if you’re fence sitting and we get another month or 2 of contracting inventory, I think you may end up being sorry that you waited, regardless of interest rates. This chart is clear, easy, and simple to understand, which is how I like my stats. If inventory has peaked, a lot of the doom and gloom could already be behind us. Only the papers won’t tell you that for another year or two!
Final Thoughts
Sellers don’t have to sell. I’m hearing from frustrated Buyers who submit an offer 15% below asking price to a Seller whose current on their 3.5% interest mortgage rate and has a passing interest in selling. There is no pressure in the market like their was during the downturn. People are sitting on 50%, 100%, 200%, even 300% gains in a 5 year span. They’re not underwater with a bank knocking on their door threatening to take their home away. Everyone needs to get some perspective here. There’s always some level of distress in the market. Death, Divorce, Debt, they all happen. But I need to be really clear, I think its more likely that inventory shrinks and prices keep chugging up or staying stable than I think they massively pull back. A lot of Sellers may just choose to pick up their ball, cancel the game, and stay home. That will shrink, not grow, the number of homes available for sale. We also need some geographical perspective. Palm Beach County has less than 1% of it’s land which is currently vacant and can be built upon. We are surrounded by oceans and Everglades, we can’t just build, we aren’t Texas with huge swaths of land available. Don’t forget to add on top of that, we have more people moving to Florida than we have moving out. We have an increasing demand line with a relatively fixed supply in the single family home market.
Is this a tough market for Sellers. Oh absolutely it is. This is the most challenging market I’ve faced and I was transacting during the Great Housing Crash. Going back to the slides at the beginning of this video. If you’re watching this you own or want to own a single family home. Both data sets for Zillow and Redfin lump single family, condo, and townhomes together. I don’t, I break out the data. There are 5,877 single family home listings. There are 8,874 condo and townhome listings. Those markets are COMPLETELY different. Florida looks really bad on these charts right now largely because the data for all product types is getting lumped together and it shouldn’t be.
The Zillow map I showed said there’s roughly 3 Buyers for every listing in Palm Beach County right now. If you’re property is priced well and in good shape, you only need 1 of those 3 and trust me, there’s a lot of overpriced junk on the market right now. If you’re tactical in your approach to listing your home, and you’re realistic, you have a great chance at selling around the median 47 days on market. How about Redfin data. Well, same issue. Of the 6,400 Buyers they say are out there, how many are just looking at single family homes? If you know that there were roughly 1,100 sales for both condo and townhomes and for single family homes, can we say that there are roughly 3,200 Buyers chasing after 1,100 listings? Changes things doesn’t it. We’re back to that 3 buyers for every 1 listing formula. Not great, but not as bad as you think. Side note there, Sellers if you get 3 offers and want to reject them all, understand, you’re likely not going to get any more offers than that according to these statistics!
The easiest way to find me is just to call me. My cell number is 786-443-7203. Don’t be shy. Don’t just lurk on my videos, give me a call, let’s chat. I sincerely appreciate each and every one of you that watches these videos. Whether you’re thinking of Buying or Selling a property, and that includes Land and Commercial properties, pick up that phone!
That’s what I have for you guys this month. As always thanks for watching, and I’ll see you next month.
