Palm Beach County Real Estate Market Update 🏙️ | June 2025 Condo and Townhomes
Palm Beach County Real Estate Market Update – June 2025 (Condos & Townhomes)
Palm Beach County Condo Market Update June 2025
Is now a smart time to buy a condo or townhome in Palm Beach County — or should you wait? Today, I'm breaking down the real numbers for the real estate market.
In this video, we will talk about median home sale prices, how fast homes are selling, and whether the market is shifting in your favor.
I'm Casey Prindle, your favorite Realtor servicing Northern Palm Beach County which includes 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 . Every month, I break down the real numbers — so buyers and sellers like you can make smart, data-driven decisions.
What's next for the Palm Beach County Condo and Townhome real estate market? Higher prices? Slower sales? I’ll give you the inside track in today's report.
The median price of condo’s and townhomes in Palm Beach County is now $330,000.
$330,000 down year over year from $335,000. Not the doom and gloom we were supposed to be seeing right? For 2 and a half years median prices have bounced between $300 and $350,000. Median pricing is not my favorite stat to follow. I don’t think it provides a ton of value to someone Buying or Selling a property. Here’s what to take from this chart. Over the last 5 years values have risen, but they’ve been relatively stagnant the last couple of years.
Total number of condo’s and townhouses sold in Palm Beach County:
Year over year sales are down from 1,330 sales down to 1,015 sales. Match that up with the chart turning down and you’d think the sky just might fall. But wait. I touched on this in the single family home video, and I’ll talk about it in this one, let’s look at seasonality. March and April sales tend to peak for the year before heading back down. In fact if we head down until January that’s normal. Now, I will say the trendline here on the chart is down and that’s concerning. But how concerning? I’m not in the doom and gloom camp. I’m in the this is a slower market but not crisis market by any stretch camp. If you want to look at it another way the best time to be a Seller is the first 5 months of the year, it tougher to be a Seller during the back half of the year. Better to be a Buyer over the next few months because with fewer sales happening, sellers are seeing fewer offers increasing the likelihood that you can get the property you want, at a decent price.
If you’re looking at buying or selling real estate in Northern Palm Beach County go ahead call me at (786)443-7203. Don’t be shy and don’t wait! Whether you’re looking to make a move next week or next year, the sooner we speak the easier it is for me to provide value to you.
List to sales price:
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. Now this is going to be alarming for Sellers. The trajectory of this chart is down, during months where bidding should be tighter. Sellers are having to offer more concessions in order to get deals done than any other time on this chart except these 2 other lows here. I’m going to be blunt, aspirational pricing on a condo or a townhome right now is a horrible idea. You need to price just below the market honestly. I know Sellers don’t want to hear this, but it’s the truth. I’m not saying price 50% below the market, I’m just telling you, if you’re the highest priced property in the building or development, you’re probably not going to sell. That being said, Buyers, look at this chart. 5% off asking price is the norm. Firing offers off 20% below listing price isn’t a strategy.
If you’re looking to purchase a home in Northern Palm Beach County, please do one of the following. Give me a call (786)443-7203 and tell me where you are in your home search and what you’re looking for. Or if you’re too shy to call, you can text or email me. Don’t hide behind the computer, contact me!
Days on market:
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. Again Sellers aren’t going to like this. 64 days on market last month up from 50 days on market May of 2024. We’re at the top of the chart here and I’m not seeing a reason this will pull down, especially when you view through the lens of seasonality. Buyers are not feeling any pressure to make a decision in this market. It’s likely a condo or townhouse they saw 2 months ago is still on the market today. There’s no sense of urgency I can create if I’m representing a Seller when this is the case. Buyers have the upper hand in this market, and this is just one more point of data that shows you that. But again, sky isn’t falling. Just harder to sell than it’s been the last few years.
Median price per square foot:
Median price per square foot of Palm Beach County condo and Townhome sales coming in at $253 psf. About flat from May of 2024 which was at $254 psf. I always say don’t put a lot of stock in median psf numbers. I just don’t think they’re that good of a stat to watch in Palm Beach County. This has townhomes in Wellington lumped together with an ocean front condo on Palm Beach. If you think you’re buying an ocean front condo on Palm Beach for anywhere near $253 psf…. Well you’ve got your research cutout for yourself. My point is this, it just doesn’t tell you enough based on where and what type of property you’re looking at.
Total dollar volume of Palm Beach County Home Sales:
This is going to be a prime example as to why I focus on some statistics more than others. While I really value the total number of home sales, I don’t really value total dollar volume. Palm Beach County has a number of pricey properties that can throw volume way out of whack. This month is a great example of that. The total volume of sales was $596,508,000. The top 25 condo and townhome sales accounted for $117,433,000. That’s 20% of the total volume that came from 2.5% of the total number of sales. Because we live in an expensive marketplace and we have these wide swings it makes this slide unreliable in my opinion.
If you’re thinking about selling a home in a week or a year from now, please give me a call. I can’t help you out if I don’t know you exist. My phone number is (786)443-7203. The sooner we start talking the easier it is for me to help you position the sale of your home, or the purchase of a new one. So let’s go, pick up the phone, or at least email me caseyprindle@gmail.com.
Months of inventory
I saved the best for last months of supply, my favorite market stat, and the one I want you to pay the most attention to. What does this chart mean? Months of supply is going to assume that if sales remained constant, this is the number of months it would take to sell all of the active inventory. Low supply is good for Sellers, high supply good for Buyers. The more supply the more choices Buyers have. Up over 30% the last 12 months. Not good for Sellers here. Good for Buyers in terms of active inventory to choose from! But hold on a moment here. See how this chart is curling down? The absolute best thing that could happen for Sellers, is if less Sellers choose to sell and inventory comes down. Could we be starting to see that trend take shape? Something to keep an eye on for sure!
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. So come on, let’s talk, or have a coffee or a cocktail.
