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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

$905,106

AVERAGE PRICE OF 1,491 HOMES

$308,643

AVERAGE PRICE OF 16 DISTRESSED HOMES

$3,434,233

AVERAGE PRICE OF 256 MULTI-MILLION DOLLAR HOMES

$5,619,769

AVERAGE PRICE OF 42 NEWLY BUILT HOMES

$1,954,006

AVERAGE PRICE OF 299 HOMES WITH A POOL

$652,829

AVERAGE PRICE OF 96 REDUCED PRICE HOMES

Average Home

Average Price $905,106
Avg Bedrooms 2.54 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $192,722
2 bedrooms $359,680
3 bedrooms $683,373
4 bedrooms $1,451,878
5 bedrooms $1,737,568
West Palm Beach Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 1,446 n/a n/a n/a 1,245
Average Price $922,446 n/a n/a n/a $730,990
Avg Price Change n/a n/a n/a n/a +0.60%
Median Price $394,299 n/a n/a n/a $328,573
Med Price Change n/a n/a n/a n/a +8.00%
Avg Bedrooms 2.49 beds n/a n/a n/a 2.28 beds
Avg Bathrooms 2.06 baths n/a n/a n/a 1.9 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Forest Hill Community High School 100 $1,272,129 57 days
John I. Leonard High School 26 $387,446 49 days
Palm Beach Lakes High School 168 $516,579 54 days
Royal Palm Beach High School 33 $503,081 81 days
Seminole Ridge Community High School 31 $926,774 68 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,491 $905,106 73 days
Distressed Homes 16 $308,643 209 days
Multi-Million Dollar Homes 256 $3,434,233 88 days
Newly Built Homes 42 $5,619,769 139 days
Homes with a Pool 299 $1,954,006 76 days
Reduced Price Homes 96 $652,829 43 days