PALM BEACH COUNTY FLORIDA’S PLAYGROUND FOR THE WEALTHY
Palm Beach continues to set the tone for South Florida’s luxury landscape, balancing steady appreciation with a measured pace of high-end activity. Single-family sales jumped 6.9% year-over-year to 852, with the average sales price inching up 0.6% to $2.6 million during that span. The county’s luxury condominium market had a 16.1% year-over-year drop in transactions to 183, as its average sales price rose 10.9% to $2.25 million. The county’s biggest year-over-year luxury single-family transaction gainers included Singer Island (66.7%), West Palm Beach (18.7%) and Wellington (12.8%). The Boca Raton/Delray Beach submarket continues to be the focal point of high-end condo activity in the county, and it recorded an 18.2% year-over- year decline in total sales (63) and a 4.1% year-over-year drop in average sales price ($2.1 million). Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
Q3 2024
Q2 2025
Q3 2025
Number of Sales
779
1059
835
▲7.2%
▼21.2%
Average Sales Price
$2,585,603
$3,217,965
$2,586,202
▲0.0%
▼19.6%
Median Sales Price
$1,600,000
$1,750,000
$1,600,000
▲0.0%
▼8.6%
Average Square Footage
3,580
3,612
3,538
▼1.2%
▼2.0%
Price Per Square Foot
$685
$794
$657
▼4.1%
▼17.2%
Average DOM
81
83
80
▼1.4%
▼3.7%
Sales Sold at Original List Price
62
99
65
▲4.8%
▼34.3%
Top Sale Price
$42,500,000
$55,500,000
$51,124,176
▲20.3%
▼7.9%
Total Sale Volume
$2,014,184,436
$3,407,825,377 $2,159,479,020 ▲7.2%
▼36.6%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
Q3 2024
Q2 2025
Q3 2025
Number of Sales
214
321
181
▼15.4%
▼43.6%
Average Sales Price
$2,030,311
$2,732,789
$2,252,796
▲11.0%
▼17.6%
Median Sales Price
$1,567,500
$1,875,000
$1,710,000
▲9.1%
▼8.8%
Average Square Footage
2,247
2,493
2,345
▲4.4%
▼5.9%
Price Per Square Foot
$894
$1,053
$937
▲4.8%
▼11.1%
Average DOM
86
85
113
▲32.2%
▲32.8%
Sales Sold at Original List Price
53
54
12
▼77.4%
▼77.8%
Top Sale Price
$9,400,000
$16,500,000
$16,000,000
▲70.2%
▼3.0%
Total Sale Volume
$434,486,507
$877,225,255
$407,756,070
▼6.2%
▼53.5%
LUXURY REPORT
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