Market Intelligence · September 2026
The Palm Beach market, measured carefully.
A median can describe direction. It cannot explain a landmark estate, an ocean-to-lake parcel, a teardown acquired for land, or a transaction that never appeared in the MLS.
Areas 5001–5003 · Data through September 18, 2026Historical direction
The repricing held.
The 2023–2024 correction was real. The floor held at more than twice the pre-pandemic level, and 2025–2026 returned to near the 2022 peak.
| Year | Sales | Median sale | Median sold $/SF |
|---|---|---|---|
| 2019 | 79 | $4.90M | $1,225 |
| 2020 | 180 | $5.33M | $1,340 |
| 2021 | 143 | $7.63M | $1,928 |
| 2022 | 62 | $12.71M | $3,204 |
| 2023 | 42 | $8.86M | $2,764 |
| 2024 | 51 | $10.75M | $2,634 |
| 2025 | 78 | $12.06M | $2,937 |
| 2026 YTD | 83 | $12.50M | $3,165 |
Partial-year figures are marked. Annual medians reflect modest samples and the mix of what sold.
The island in three sections
One geography. Three independent repricings.
The skeptic’s ledger
This is not a market in which anything sells at any price.
Since the start of 2024, 212 island listings closed while 195 expired, were canceled, or were withdrawn. Roughly 48% of concluded attempts did not end in a sale. About 43% of completed sales reduced their price at least once.
These figures show that outcomes vary widely by property. They are not a standard discount, an offer strategy, or a substitute for the most relevant comparable sales and current competition.
The market in tiers
Each price band is its own market.
Sales since 2022. Price per foot rises with tier because buyers at the top are acquiring land, frontage, finish, and rarity—not merely area.
| Sale tier | Sales | Median sold $/SF |
|---|---|---|
| Under $5M | 17 | $1,999 |
| $5–10M | 110 | $2,488 |
| $10–15M | 82 | $3,051 |
| $15–20M | 41 | $3,464 |
| $20–25M | 17 | $3,742 |
| $25M and above | 49 | $4,930 |
Property-specific context
Use the market to frame the property—not replace it.
A private discussion applies the correct area, tier, condition, and transaction evidence to the actual brief.