Why Live in Palm Beach
Palm Beach, Florida, is a small city known for its historical roots and luxurious appeal. With a population of around 9,000, it retains a charming small-town atmosphere despite being home to numerous celebrities. The city is famous for its Mediterranean Revival-style downtown centered around Worth Avenue, often compared to Rodeo Drive, featuring art galleries, boutiques, and upscale dining options. The area is walkable, with palm trees providing shade and the Worth Avenue Clock Tower marking the beach entrance. Palm Beach is renowned for its white sandy beaches and exclusive beach clubs like The Breakers, a historic resort. Golf enthusiasts can enjoy the Raymond Floyd Course, which offers scenic views of the Intracoastal Waterway. The city is connected to Downtown West Palm Beach by two bridges, facilitating access to the mainland and Interstate 95. Public transportation is available via PalmTrans buses. The School District of Palm Beach County includes the highly rated Alexander W. Dreyfoos School of the Arts, a top choice for creative students. While specific crime data for Palm Beach is not detailed, the county has reported lower violent crime rates compared to national averages. Home styles range from condos to historic estates, particularly in the prestigious Estate Section, known for its waterfront mansions. Potential homebuyers should consider hurricane season and flood zones when evaluating properties.
Home Trends in Palm Beach, FL
On average, homes in Palm Beach, FL sell after 118 days on the market compared to the national average of 70 days. The median sale price for homes in Palm Beach, FL over the last 12 months is $1,150,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$1,150,000
Median Single Family Sale Price
$4,225,000
Median Townhouse Sale Price
$11,400,000
Median 2 Bedroom Sale Price
$1,150,000
Median 1 Bedroom Sale Price
$339,900
Average Price Per Sq Ft
$1,050
Number of Homes for Sale
51
Last 12 months Home Sales
243
Median List Price
$1,295,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
0%