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West Palm Beach

Why you'd want to live in West Palm Beach

Introduction to West Palm Beach, Florida Founded in 1894 by Henry Flagler, West Palm Beach was created to house servants working at hotels on nearby Palm Beach. Many of the city’s historic structures were created in the 1920s when the city swelled. West Palm Beach lies on Florida’s southeast. It is only 70 miles north of Miami and 46 miles north of Fort Lauderdale. The climate of West Palm Beach is subtropical. The city has nearly constant sunshine and only mildly distinguishable seasons. Winters are cooler than the area’s humid summers, but temperatures during the winter months occasionally go down to the 30s. January is the coldest month when temperatures average a warm 65 degrees. However, despite the long, humid summers, the city has never recorded a temperature at 100 degrees. The hottest month is August when the temperatures average around 83 degrees. via citytowninfo

West Palm Beach Market Report

$300,676

AVERAGE PRICE OF 21 DISTRESSED HOMES

$3,505,997

AVERAGE PRICE OF 447 MULTI-MILLION DOLLAR HOMES

$4,337,116

AVERAGE PRICE OF 115 NEWLY BUILT HOMES

$1,659,768

AVERAGE PRICE OF 467 HOMES WITH A POOL

$748,678

AVERAGE PRICE OF 95 REDUCED PRICE HOMES

Average Home

Average Price n/a
Avg Bedrooms 2.3 beds
Avg Bathrooms 1.97 baths

Average Price by Bedrooms

1 bedroom $197,517
2 bedrooms $462,399
3 bedrooms $922,921
4 bedrooms $1,626,768
5 bedrooms $1,907,332
West Palm Beach Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 163 155 149 144 131
Average Price $622,686 $597,276 $605,754 $622,197 $666,182
Avg Price Change +4.25% -1.42% -2.71% -7.07% -5.26%
Median Price $368,745 $340,094 $335,640 $354,847 $379,783
Med Price Change +8.42% +1.33% -5.72% -7.03% -11.29%
Avg Bedrooms 2.45 beds 2.39 beds 2.33 beds 2.32 beds 2.32 beds
Avg Bathrooms 1.86 baths 1.81 baths 1.77 baths 1.78 baths 1.77 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,340 n/a 48 days
Distressed Homes 21 $300,676 46 days
Multi-Million Dollar Homes 447 $3,505,997 72 days
Newly Built Homes 115 $4,337,116 68 days
Homes with a Pool 467 $1,659,768 48 days
Reduced Price Homes 95 $748,678 35 days
Keller Williams Realty Reserve - The Reeves Group
Craig Reeves
11360 Jog Rd Suite 102
Palm Beach Gardens, FL 33418
561-385-2122

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