Downtown West Palm Beach Real Estate Market

The graphs below offer a comprehensive snapshot of the real estate market in Downtown West Palm Beach and greater Palm Beach County. You’ll find trends in pricing, inventory, buyer activity, and mortgage rates from the past year, as well as population growth and market performance dating back to 2015. By reviewing these insights, buyers can identify the best time to make a move, and sellers can better understand how to position their property for top dollar. Whether you’re planning a sale, considering an investment, or simply staying informed, this data can help you make smarter, more confident decisions. These market trends will be updated on a quarterly basis and as it is available.

📊 Local Monthly Market Overview (April 2024 – March 2025)

Median Sold Price

Currently, the property values in Downtown West Palm Beach are in an upward trend. As demand increases and/or supply decreases, the median sold price will increase.

Year-over-Year Price Change

This graph gives a better indication on how the market is doing from year to year. Compared to March of 2024, the prices are up by slightly over 37%.

Sold Sales Volume

Sold Sales Volume indicates demand and transaction activity. Overall, the sold sales volume has been on an upward trend since July of 2024.

Average Days on Market

This graph shows how fast properties are moving. Right now, properties are selling on average just over 137 days on market.

Mortgage Rates

The mortgage rates affect buying power and help explain pricing and volume shifts. As you can see, we are currently in a downward trend. Based on current economic factors, experts are predicting lower mortgage rates to come. This will result in higher prices and more competition in the market.

Absorption Rate

The Absorption Rate measures the rate at which properties are being absorbed into the market, reflecting the demand for real estate in a specific area. It signals market competitiveness. This is expressed in months.

Interpreting the rate:

• Seller’s Market: A low absorption rate (e.g., below 5 months) suggests a seller’s market, where demand outstrips supply, potentially leading to higher prices and faster sales.
• Buyer’s Market: A high absorption rate (e.g., above 7 months) indicates a buyer’s market, with more properties available than buyers, potentially leading to lower prices and longer sales times.
• Balanced Market: A balanced market typically has an absorption rate between 5 and 7 months, suggesting a healthy equilibrium between supply and demand.

Active Listings

This graph shows the active listings from month to month. It gives insight into inventory and seller competition. We have seen an increase in inventory since August 2024, but the inventory has stabilized over the past 3 months.

New Listings

This graph of new listings helps us understand listing flow and seasonal patterns. This past year has seen a slight increase in new listings overall. Surprisingly, there were less new listings during our typical season.

Sold Listings

This graph of sold listings, along with the absorption rate, shows how much inventory is being purchased. The current market is starting to reach similar sold listings to last year. Given the amount of new listings hitting the market, we are likely going to remain in a buyer’s market throughout this next quarter.

🧭 Long-Term Trends (2015–2023)

This shows the trajectory of the population and supports forecasting.

Palm Beach County Population

Palm Beach County has seen a steady increase in population over the past decade. This graph gives us a better understanding of how West Palm Beach compares to the overall county.

West Palm Beach Population

As Palm Beach County’s population has been steadily rising, so has West Palm Beach. Population fluctuation gives us an idea of whether demand will increase or decrease.

Comparison of Palm Beach County and West Palm Beach Population Changes

This comparison of the change in population in both Palm Beach County and West Palm Beach gives us a better view of the popularity of our market. We can see that as of 2023, West Palm Beach is increasing at a higher rate than the overall market.

🔮 Population Projections

To determine long-term value and future demand, below are the projections for the years 2025, 2030, 2035, 2040, 2045, and 2050. These projections were based on data in 2023. As of 2024, we are already surpassing those projections.

Palm Beach County Population Projections

Although these are projections, we can see that the population of Palm Beach County is expected to increase steadily up until 2050. The actual population counts could change due to political and economic factors not only in other states, but also in other countries.

Living in Downtown West Palm Beach is like living on vacation! You’re able to walk to restaurants, shops, entertainment, cafés, ice cream shops, and even the grocery store. This truly is the perfect neighborhood to live, work, and play. The walkability and transportation of this neighborhood makes life convenient. The city offers free transportation in and around the neighborhood through RideWPB. Downtown is located a few short minutes from i95, the Palm Beach International Airport, Tri-Rail, and Amtrak, making it easy to travel both locally and internationally. Located directly in the heart of Downtown is the Brightline Station. Travelers coming from the Orlando, Miami, or Fort Lauderdale International Airports typically prefer to come into the Brightline Station. This is a seasonal location and it starts small in October with the Green Market and a small influx of snowbirds. The true season, however, starts in January just after the holidays. The residents and tourists flock to this area for plays and concerts at the Kravis Center, Jewelry, Antique, and Art shows at the Palm Beach Convention Center, outdoor concerts like Sunfest, Car Shows, and much more! The people here love a good event and the opportunity to meet new people and socialize. If food, family, and fun is your thing– then Downtown West Palm Beach is your place!

Dining

From breakfast to dessert, Downtown West Palm Beach has it all. Find a list of locations below;

Breakfast -

Loic Bakery & Cafe Bar
Maman
Johan’s Joe Swedish Restaurant
Pura Vida Miami
Paneterie
Banter
Proper Grit
Field of Greens
La Maison de Paris Bakery

Lunch -

RH Rooftop Restaurant
True Food Kitchen
Il Belagio Italian Restaurant
City Cellar Wine Bar & Grill
Saito Japanese Steakhouse
BurgerFi
The Cheesecake Factory
Sweetgreen
El Camino
Planta
Loic Bakery & Cafe Bar
Pura Vida Miami
Maman
Mama Bella Gourmet Market
Treehouse
Banter
Johan’s Joe Swedish Restaurant
Avocado Grill
E.R. Bradley’s Saloon
Batch New Southern Kitchen and Tap
Grease Burger Beer & Whiskey Bar
Lynora’s
Pistache French Bistro
Proper Grit
Spruzzo
Elisabetta’s Ristorante
Field of Greens
Rocco’s Tacos & Tequila Bar
Kapow Noodle Bar
La Maison de Paris Bakery
Felice
Adrienne’s Pizza Bar
Tropical BBQ Market
Rivales Taqueria & Craft Bar
Bodega Taqueria y Tequila
Lindburgers Express

Dinner -

RH Rooftop Restaurant
True Food Kitchen
Il Belagio Italian Restaurant
City Cellar Wine Bar & Grill
Saito Japanese Steakhouse
BurgerFi
The Cheesecake Factory
Sweetgreen
El Camino
Planta
Treehouse
Banter
Avocado Grill
E.R. Bradley’s Saloon
Batch New Southern Kitchen and Tap
Grease Burger Beer & Whiskey Bar
Lynora’s
Proper Grit
Spruzzo
Elisabetta’s Ristorante
Rocco’s Tacos & Tequila Bar
Kapow Noodle Bar
Galley
The Blind Monk
Fern
Sassafras
Harry’s
Hullabaloo
Felice
Adrienne’s Pizza Bar
Leila Restaurant
Ristorante Santucci
Banko Cantina
Sourbon Kitchen & Bar
123 Datura Bar & Kitchen
Rivales Taqueria & Craft Bar
Bodega Taqueria y Tequila
Lost Weekend

Entertainment

Community

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