West Palm Beach housing market: the numbers
| Month | Typical West Palm Beach home value | Change on prior year |
|---|---|---|
| August 2026 | $404,300 | +1.4% |
| August 2025 | $398,500 | −5.4% |
| August 2024 | $421,200 | +3.4% |
| August 2023 | $407,300 | +1.4% |
| August 2022 | $401,700 | +34.3% |
| August 2021 | $299,100 | +19.8% |
| August 2020 | $249,600 | +4.0% |
| August 2019 | $239,900 | +4.2% |
| August 2018 | $230,300 | +7.2% |
| August 2017 | $214,800 | +9.1% |
| August 2016 | $196,900 | n/a |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted) and Zillow metro market data for the Miami–Fort Lauderdale–West Palm Beach metro. Metro figures cover the wider region.
What the ten-year trend shows
Zillow's typical West Palm Beach home value was $196,883 in August 2016 and $404,294 in August 2026, a gain of 105.3% over ten years. The August readings tell the story in four phases.
2016 to 2020: steady growth
Values rose from $196,883 to $249,563, roughly 6% a year on average, without a single jump.
2020 to 2022: the surge
The typical value went from $249,563 to $401,745 in two years, including a 34.3% rise between August 2021 and August 2022 alone. That is the period when most of the ten-year gain happened.
2022 to 2026: a plateau with a dip
Values edged up to $421,244 by August 2024, fell 5.4% to $398,518 in August 2025 and recovered 1.4% to $404,294 in August 2026. The city is 4.0% below that 2024 reading but still 35.2% above five years ago. That points to prices holding a range rather than a steady fall. It is not a forecast.
Sale speed, price cuts and inventory across the Miami metro
Zillow reports these figures for the whole Miami metro, which includes Palm Beach County, not for West Palm Beach alone. Each is compared with its own reading a year earlier.
Days to pending
Listings took about 98 days on average to go under contract in August 2026, compared with 97 days a year earlier. That is a mean, so a few very slow luxury or condo listings pull it up; well-priced homes often go faster.
Sale-to-list ratio
The typical home sold for about 95.7% of its final list price in July 2026, up from 95.3% a year earlier. Sellers are still accepting discounts of around 4%, but slightly smaller ones.
Price cuts
18.9% of listings had a price cut in August 2026, down from 21.5% a year earlier. Fewer sellers are having to chase the market down after listing.
Inventory and median sale price
There were 48,328 homes for sale across the metro, down 14.3% from 56,417 a year earlier. The median sale price was $491,667 in July 2026, up 2.8% from $478,333. Fewer listings and smaller discounts are consistent with a market firming from a soft 2025, even while sale times stay long.
How the market differs by ZIP code and neighborhood
The city average hides wide gaps. Of the 35 West Palm Beach neighborhoods Zillow tracks, 21 rose in value over the year to August 2026, 13 fell and one was flat.
By ZIP code
| ZIP | Typical value (Aug 2026) | 1-year change |
|---|---|---|
| 33405 | $636,629 | +8.5% |
| 33413 | $484,691 | -0.3% |
| 33411 | $466,791 | +0.6% |
| 33401 | $447,355 | +4.0% |
| 33406 | $429,128 | +1.6% |
| 33407 | $356,104 | +2.7% |
| 33409 | $303,726 | -1.7% |
| 33415 | $281,434 | -0.8% |
ZIP 33405 was both the most expensive and the fastest rising. The two cheapest ZIPs, 33409 and 33415, both slipped. Several of these ZIPs also cover addresses outside city limits, so check the jurisdiction of any specific home.
Neighborhoods that gained most
Northwood Shores rose 28.7% to $635,692, South Side 23.3% to $1,359,754, Prospect Park and Southland Park 18.7% to $2,299,563, Pineapple Park 15.1% to $659,226, Old Northwood 14.4% to $974,059 and El Cid 14.2% to $3,573,235. Three of those six, Old Northwood, El Cid and Prospect Park and Southland Park, are National Register historic districts.
Neighborhoods that fell
Golden Lakes dropped 11.1% to $137,938, Progressive North West 9.4% to $342,956, Palm Club Village 6.1% to $192,003 and the Villages of Palm Beach Lakes 5.9% to $265,446. Grandview Heights, a historic district, slipped 3.3% to $944,092. If a home in one of these areas is a condo or townhouse, check the association's budget and reserves as well as the recent sales.
Condos, luxury homes and new builds
Condos
Condo buyers face two state rules that affect prices. Residential condo buildings three stories or taller need a milestone inspection by December 31 of the year they reach 30 years old (25 where the local agency requires it near salt water) and every 10 years after. Associations must also complete a structural integrity reserve study at least every 10 years and, for budgets adopted since December 31, 2024, cannot vote to skip those reserves. Ask for both documents before you offer. See condo milestone inspections and buying a condo in Florida.
Luxury homes
Four Zillow neighborhoods had typical values above $1 million in August 2026: El Cid, Prospect Park and Southland Park, South Side and Flamingo Park. All four rose over the year, three of them by double digits, so the top of the market held up better than the city as a whole.
New construction
New single-family homes inside the city are scarce. The Estates @ NOMAR, 100 homes from GL Homes, is priced from $1.8 million, and most other new communities are in Palm Beach Gardens and Westlake. The West Palm Beach new construction guide lists them.
Is now a good time to buy a house in West Palm Beach?
It is a better time to negotiate than in 2021 or 2022. Whether it is a good time for you depends on how long you will stay and whether the full monthly cost fits.
Use the long sale times
With listings averaging about 98 days to contract, a home that has sat for months is a candidate for a lower offer or seller-paid closing costs. Ask for the listing history and any earlier price cuts.
Budget at today's rate
At 7.03% (Freddie Mac, week of September 24, 2026), principal and interest on the $404,294 typical home is about $2,428 a month with 10% down. Add property tax at about 20.45 mills before exemptions, insurance and association fees. The cost of living guide has each line.
Is West Palm Beach a good place to buy a house?
Relative to its neighbors it is one of the cheaper ways into eastern Palm Beach County: the typical value is below the county's $474,416 and well below Boca Raton ($576,824) and Palm Beach Gardens ($695,799). Its values also rose over the past year, when many large Florida cities fell. Pick the neighborhood carefully, since some fell by more than 5%.
Is now a good time to sell a house in West Palm Beach?
Price to recent sales, not the peak
If your neighborhood gained over the year, you may be selling into strength. If it is one of the 13 that fell, price to the latest comparable sales rather than to 2024, because buyers can see how long overpriced listings sit.
Know your net
Florida's documentary stamp tax on the deed is 70 cents per $100, about $2,830 on a $404,294 sale, before commission, title and repairs. Run your figures with the seller net proceeds calculator, and see the West Palm Beach realtor guide for how agent fees work now.
Outlook: what published forecasts say
We do not make our own price forecasts. Zillow publishes a home value forecast by metro: for the Miami metro, from an August 2026 base, it projected a 0.4% change by September 2026, 1.0% by November 2026 and 2.6% by August 2027. In plain terms, modest growth over the next year.
Metro forecasts do not capture neighborhood gaps like the ones above, and they are revised every month. Mortgage rates, insurance premiums, condo reserve costs and the expiry of the county's 1% sales surtax at the end of 2026 unless renewed are the local factors to watch. The Florida housing market guide covers the statewide picture.
Common questions
Are home prices dropping in West Palm Beach?+
Not citywide over the last year. Zillow's typical home value rose 1.4% to $404,294 in August 2026, after a 5.4% fall the year before. Prices are still about 4% below August 2024. Of 35 neighborhoods Zillow tracks, 13 fell in value, including Golden Lakes and Progressive North West, so the answer depends on where you look.
Is West Palm Beach a good place to buy a house?+
It is one of the cheaper ways into eastern Palm Beach County, with a typical value of $404,294 against $474,416 countywide and $576,824 in Boca Raton, and values rose over the past year. The costs to weigh are insurance, a combined 2025 tax rate of 20.4468 mills for a city address and condo association finances.
What is the hottest housing market in Florida?+
By Zillow's one-year change in August 2026, Boca Raton (3.7%) and Palm Beach Gardens (3.2%) led Florida's larger cities, and West Palm Beach ranked eighth of the 89 largest at 1.4%. Only 19 of those 89 cities gained value over the year. Among counties, small rural ones such as Taylor County (6.1%) rose fastest.
What salary do you need to live comfortably in West Palm Beach?+
MIT's living wage for one adult with no children in Palm Beach County is $54,595 a year, but comfort needs more. Keeping Zillow's typical $2,377 rent at 30% of gross income takes about $95,080 a year. Buying the typical home with 10% down, including estimated homesteaded property tax, takes about $121,800 on the same rule, before insurance.
How long does it take to sell a house in West Palm Beach?+
Across the Miami metro, listings took about 98 days on average to go under contract in August 2026, against 97 days a year earlier, and closing adds several weeks. The typical home sold for about 95.7% of its list price in July 2026. Well-priced homes in rising neighborhoods can sell much faster than the average.
Is West Palm Beach a buyer's or seller's market?+
Conditions lean toward buyers but are firming. Metro sale times average about 98 days and homes sell for around 4% below list, which favors buyers. But inventory is down 14.3% from a year earlier and fewer listings have price cuts (18.9% against 21.5%), so sellers in rising neighborhoods have more leverage than in 2025.
Sources
- Zillow Research: housing data (ZHVI, days to pending, sale-to-list, price cuts, inventory, median sale price), August 2026
- Zillow Research: metro home value forecasts (August 2026 base)
- Freddie Mac: Primary Mortgage Market Survey, September 24, 2026
- Florida Senate: Section 553.899, Florida Statutes (milestone inspections)
- Florida Senate: Section 718.112, Florida Statutes (structural integrity reserve studies)
- Florida Senate: Section 201.02, Florida Statutes (documentary stamp tax)
- Palm Beach County Property Appraiser: 2026 proposed millage and hearings (2025 final rates)
- Florida Department of Revenue: DR-15DSS discretionary sales surtax rates
- MIT Living Wage Calculator: Palm Beach County, Florida
- GL Homes: The Estates @ NOMAR