Search homes for sale in Palm Beach including condos, new listings and more with Palm Beach expert, Sarah Mahoney.
Palm Beach, FL Housing Market
In May 2025, the Palm Beach housing market saw a dramatic 88.7% year-over-year surge in median home prices, reaching $3.8 million—a clear signal of sustained demand in the ultra-luxury segment. Despite this sharp price increase, homes are still taking an average of 111 days to sell, only slightly faster than the 115-day average a year ago, indicating that while buyers are willing to spend, they’re also taking their time. The number of homes sold rose from 30 to 37, suggesting increased market activity, but at a pace consistent with the area’s high-end, low-volume nature. This performance reflects Palm Beach’s continued appeal to affluent buyers seeking prestige, exclusivity, and long-term investment potential.
Palm Beach remains a low-competition market, where homes typically take about 99 days to go pending and sell for roughly 10% below list price—giving buyers significant negotiation power. Multiple offers are rare, reflecting a slower-paced environment with a more selective, high-net-worth buyer pool. Even the most desirable properties, or "hot" homes, tend to sell for around 4% below asking and take about 50 days to go under contract. This indicates that while interest in Palm Beach real estate remains strong, buyers are deliberate, value-driven, and less inclined to rush or overbid.
In May 2025, Palm Beach, FL remained firmly a buyer’s market, with housing supply outpacing demand. This dynamic gives buyers the upper hand in negotiations, often resulting in longer listing times, price reductions, and more flexible seller terms. With homes averaging nearly 100 days on the market and selling below list price, the market favors patient, strategic buyers who can take advantage of less competition and greater inventory selection.
For expert guidance or to schedule a private showing, contact Sarah Mahoney—she understands the nuances of the Palm Beach market and can help you navigate every step with discretion and precision.
Palm Beach operates in a distinct, ultra-luxury tier where typical market rules don’t always apply. With many homes priced in the multi-million dollar range, buyers should expect extended negotiation timelines, private showings, and discreet off-market listings. Pricing is heavily influenced by exclusivity, ocean access, and architectural pedigree, so aligning with a seasoned local agent who understands this niche is essential to finding true value.
Palm Beach offers three distinctly different lifestyle options: oceanfront estates, Intracoastal homes with private docks, and in-town residences near Worth Avenue and cultural attractions. Each area has unique pricing, zoning, and appeal. Oceanfront properties offer unmatched views but higher insurance and maintenance costs. Intracoastal homes suit boaters and waterway access seekers. In-town living emphasizes walkability, privacy, and convenience. Buyers should clarify lifestyle priorities before narrowing location.
Palm Beach has some of the strictest architectural preservation standards in Florida. Many homes fall under landmark or historic designation, especially within the Estate Section or along North Ocean Boulevard. These properties require town approval for alterations, and any changes must preserve the original character. While this preserves long-term value and charm, it also limits customization. Buyers should verify restrictions and factor in renovation approvals before purchase.
The Palm Beach market is highly seasonal, peaking during the winter months when domestic and international buyers—particularly from the Northeast and Europe—flock to South Florida. Demand softens in summer, creating opportunities for buyers to negotiate more favorable terms. Understanding these seasonal rhythms can help time your purchase for leverage and ensure better pricing in a high-stakes market.
High-end coastal homes in Palm Beach face complex insurance requirements, especially for hurricane and windstorm coverage. Many insurers require updated roofing, impact-rated windows, and elevated construction standards for full coverage. Premiums can be substantial and vary by block or proximity to water. Buyers should conduct a full insurance review early, particularly when considering older homes or historic properties that may not meet modern codes.
Palm Beach enforces meticulous zoning, landscaping, and privacy ordinances to maintain its exclusive character. There are rules on hedges, sightlines, outdoor lighting, and setbacks that influence how properties can be developed or improved. Buyers with plans to build pools, expand footprints, or enhance privacy should consult with local zoning professionals to confirm what’s permissible. These local controls contribute to the town’s pristine aesthetics but can also impact customization options.
Have questions about the Palm Beach housing market or ready to explore luxury properties in this iconic destination? Sarah is here to guide you every step of the way. Whether you’re just starting your search or looking to schedule a showing, she’s ready to provide personalized assistance and expert advice. Don’t wait—contact Sarah today and take the first step toward owning your dream home in Palm Beach, FL!
Explore the unparalleled elegance and charm of Palm Beach with our comprehensive neighborhood guide. From local market trends to lifestyle highlights, this guide has everything you need to learn about one of Florida’s most luxurious communities. Start browsing now and find out why Palm Beach is the perfect place to call home!
Sarah's extraordinary track record is the result of their ability to truly understand her client's wants and needs, masterful negotiating, and most of all, unwavering dedication to positive relationship building. Contact Sarah today to discuss all your real estate needs!
