West Palm Beach, FL Housing Market Report

The West Palm Beach housing market is currently undergoing a significant transition toward a buyer-friendly environment. As of December 2025, the median home value stands at $389,322, reflecting a 5.21% decline over the past year. This cooling trend is further evidenced by a substantial increase in the time properties spend on the market, which has climbed to 111 days—an increase of 23 days compared to the previous year. With active inventory rising to 51,735 units and a sale-to-list ratio of 0.96, buyers now have more leverage to negotiate prices below the original asking amounts.

Price trends over the last six months indicate a period of stabilization following a steady decline. After hitting a low point of $388,878 in November, the median value saw a marginal uptick in December to $389,322. This suggests that while the rapid depreciation seen earlier in the year may be tapering off, the market remains under pressure from high inventory levels and slower absorption rates. Unlike the sales market, the rental sector remains resilient, with median rents rising slightly to $2,246, indicating that housing demand in the Miami-Fort Lauderdale-Pompano Beach metro area remains tied to lifestyle and employment rather than immediate homeownership.

Looking ahead, both buyers and sellers must adjust their expectations to this new reality. Sellers should be prepared for longer holding periods and must price their homes competitively to stand out in a crowded field of over 51,000 active listings. For buyers, the current climate offers a rare window of opportunity to secure properties at lower valuations with less competition than in previous years. However, with the market showing signs of finding a floor in late 2025, those waiting for further deep discounts should weigh the potential for price stabilization against current mortgage rate environments.