PALM BEACH COUNTY FLORIDA’S PLAYGROUND FOR THE WEALTHY
Palm Beach County outperformed neighboring counties in luxury single-family and condo pricing during the second quarter of 2025, with the average high-end single-family sales price jumping 10.6% year-over-year to $3.23 million and average high-end condominium price rising 13.2% year-over-year to $2.7 million. The county’s biggest year-over-year luxury single-family transaction gainers included Singer Island (75%), Palm Beach Island (57.1%), West Palm Beach 12.1%) and Jupiter (9.8%). The Boca Raton/ Delray Beach submarket continues to be the focal point of high-end condo activity in the county, and it recorded a 2.5% year-over- year gain in total sales (125) and a 22.9% year-over-year jump in average sales price ($2.84 million).
Single Family Homes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
SINGLE FAMILY HOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
1152
881
1070
▼7.1%
▲21.5%
Average Sales Price
$2,917,834
$3,091,762
$3,228,336
▲10.6%
▲4.4%
Median Sales Price
$1,700,000
$1,682,500
$1,788,900
▲5.2%
▲6.3%
Average Square Footage
3,606
3,649
3,627
▲0.6%
▼0.6%
Price Per Square Foot
$735
$746
$793
▲7.9%
▲6.3%
Average DOM
91
86
83
▼8.9%
▼3.1%
Sales Sold at Original List Price
101
84
97
▼4.0%
▲15.5%
Top Sale Price
$51,250,000
$50,500,000
$55,500,000
▲8.3%
▲9.9%
Total Sale Volume
$3,361,345,191
$2,723,842,012
$3,454,319,372 ▲2.8%
▲26.8%
Condos & Townhomes
% CHANGE (1 YEAR)
% CHANGE (1 QUARTER)
CONDOS/TOWNHOMES
2024 Q2
2025 Q1
2025 Q2
Number of Sales
339
352
300
▼11.5%
▼14.8%
Average Sales Price
$2,389,365
$2,580,485
$2,704,922
▲13.2%
▲4.8%
Median Sales Price
$1,675,000
$1,994,000
$1,887,500
▲12.7%
▼5.3%
Average Square Footage
2,363
2,384
2,486
▲5.2%
▲4.3%
Price Per Square Foot
$969
$1,035
$1,049
▲8.3%
▲1.4%
Average DOM
84
72
89
▲6.5%
▲24.4%
Sales Sold at Original List Price
31
118
40
▲29.0%
▼66.1%
Top Sale Price
$27,988,425
$14,900,000
$16,500,000
▼41.0%
▲10.7%
Total Sale Volume
$809,994,831
$908,330,738
$811,476,642
▲0.2%
▼10.7%
LUXURY REPORT
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