Altos Market Data for Realtors

Palm Beach Gardens, FL

Single-Family Homes

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Palm Beach Gardens, FL

Thu Jun 30 2022
This week the median list price for Palm Beach Gardens, FL is $1,098,495 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has increased to 182. Click here to stay informed with the Palm Beach Gardens market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palm Beach Gardens, FL

Thu Jun 30 2022
This week the median list price for Palm Beach Gardens, FL is $1,098,495 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has increased to 182. Click here to stay informed with the Palm Beach Gardens market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palm Beach Gardens market.
Median List Price $1,098,495
Median Price of New Listings $995,000
Per Square Foot $461
Average Days on Market 43
Median Days on Market 21
Price Decreased 38%
Price Increased 3%
Relisted 7%
Inventory 182
Median Rent
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,495,000 4,995 0.25 - 0.5 acre 5 5.5 15 5 4 21
$1,690,000 2,926 0.25 - 0.5 acre 4 3.5 20 5 2 35
$911,000 2,238 6,500 - 8,000 sqft 3 2.5 28 8 5 14
$592,000 1,623 6,500 - 8,000 sqft 3 2 35 7 3 21