Illustrated Properties Luxury Report

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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