Why Live in Palm Beach
Palm Beach, a historic resort destination, offers a blend of small-town charm and celebrity allure. The neighborhood features a quaint downtown centered around Worth Avenue, known for its Mediterranean Revival architecture, upscale boutiques, art galleries, and patio cafes. Residents and visitors enjoy strolling past storefronts and shaded palm trees to the beach, marked by the iconic Worth Avenue Clock Tower. The Estate Section, south of Worth Avenue, is home to historic mansions, including the renowned Billionaire’s Row. Palm Beach's real estate market is characterized by high median prices, with condos and single-family homes available. The area is known for its luxurious beach clubs, such as The Breakers, and golf courses like the Raymond Floyd Course, which also hosts the popular Italian restaurant Al Fresco. The Alexander W. Dreyfoos School of the Arts, part of the highly rated School District of Palm Beach County, is a top choice for creative students. Palm Beach is connected to Downtown West Palm Beach by two bridges, with Interstate 95 access 2 miles west. Public transportation is available via PalmTrans buses. The county has reported lower violent crime rates compared to the national average, contributing to its appeal. Hurricane season spans from June to November, necessitating awareness of flood zones and hurricane-proofing for prospective homeowners.
Home Trends in Palm Beach, FL
On average, homes in Palm Beach, FL sell after 143 days on the market compared to the national average of 50 days. The median sale price for homes in Palm Beach, FL over the last 12 months is $3,125,000, up 70% from the median home sale price over the previous 12 months.
Median Sale Price
$3,125,000
Median Single Family Sale Price
$13,900,000
Median Townhouse Sale Price
$11,400,000
Median 2 Bedroom Sale Price
$1,500,000
Median 1 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$2,087
Number of Homes for Sale
324
Last 12 months Home Sales
485
Median List Price
$3,200,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
70%