According to the Miami Association of Realtors, Palm Beach County’s residential real estate market experienced notable year-over-year growth in September 2025, driven by strong demand for single-family homes and condominiums. Total closed sales rose 21.6%, from 1,628 in September 2024 to 1,980 last month. Transactions priced at $1 million and above also climbed 20.9%, from 282 to 341.
Single-family homes led the surge, with sales increasing 24.8% year-over-year, from 932 to 1,163. Despite the rise in volume, median prices held steady at $615,000. Existing condominium sales rose 17.4%, from 696 to 817, while median condo prices slipped 4.8% to $300,000, reflecting continued affordability pressures in that segment.
Inventory growth remained modest. Total active listings rose 3.8% to 12,490, with single-family home inventory up 2.8% to 5,576 and condominium inventory up 4.7% to 6,914. New listings edged up just 0.6%, signaling sellers’ continued caution. Months’ supply of inventory stood at five months for single-family homes, indicating a balanced market, and 8.8 months for condominiums, favoring buyers.
Total dollar volume increased 28%, reaching $1.6 billion, with single-family homes accounting for $1.2 billion and condos $399 million. Distressed sales remained minimal at 0.5% of all transactions, well below the national average of roughly 2%.
Cash transactions remained a significant factor, representing 51.3% of all closed sales, including 62.3% of condominium transactions and 43.5% of single-family homes. The median percent of original list price received was 95% for single-family homes and 91% for condos. The median days from listing to contract increased to 48 for single-family homes and 73 for condos, while median days to sale rose to 87 and 111, respectively.
With inventory growth modest and new listings still limited, buyers have opportunities to find the right home and negotiate favorable terms, particularly in the condominium market. Meanwhile, strong single-family home demand continues to support stable prices and rising dollar volume across the county.
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