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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

$501,334

AVERAGE PRICE OF 148 HOMES

$119,966

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,898,771

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$1,008,973

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$420,605

AVERAGE PRICE OF 75 HOMES WITH A POOL

$318,233

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $501,334
Avg Bedrooms 2.2 beds
Avg Bathrooms 1.67 baths

Average Price by Bedrooms

1 bedroom $194,980
2 bedrooms $327,410
3 bedrooms $578,256
4 bedrooms $959,705
5 bedrooms $1,371,000
West Palm Beach Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 2,335 2,354 2,319 1,656 163
Average Price $925,348 $908,026 $933,533 $893,684 $622,686
Avg Price Change +1.91% -2.81% +4.46% +43.52% +4.25%
Median Price $387,286 $393,796 $389,247 $395,405 $368,745
Med Price Change -1.68% +1.17% -1.58% +7.23% +8.42%
Avg Bedrooms 2.24 beds 2.24 beds 2.27 beds 2.33 beds 2.45 beds
Avg Bathrooms 1.94 baths 1.95 baths 1.94 baths 1.98 baths 1.86 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
John I. Leonard 2 $385,350 5 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 148 $501,334 97 days
Distressed Homes 3 $119,966 93 days
Multi-Million Dollar Homes 14 $1,898,771 97 days
Newly Built Homes 11 $1,008,973 86 days
Homes with a Pool 75 $420,605 86 days
Reduced Price Homes 6 $318,233 41 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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