Coastal Palm Beaches & Barrier Islands Market Report: 4Q 2025
“Momentum returned to Palm Beach this quarter, especially in the luxury single‑family market, which posted its strongest fourth quarter in five years. Buyers remained highly engaged whenever well‑priced, high‑quality homes came to market, and while condos saw more entry‑level activity, a handful of condo sales, particularly at the top of the market, helped keep competition healthy.
From Jupiter Island to Delray Beach, most areas saw double‑digit gains in sales, showing just how deep demand is. With more inventory coming online and marketing times stretching a bit, buyers have a little more breathing room, but the best coastal properties continue to draw serious attention.”
– Pamela Liebman, Corcoran’s President & CEO
4Q brought renewed momentum to Palm Beach, with condo sales up notably and single‑family homes seeing their highest fourth‑quarter sales level in half a decade. Pricing reflected this split: Condos saw modest softening, while single‑family values climbed on the strength of high‑end deals.
Sales
- Single-family homes hit a five-year fourth-quarter high with a 21% YOY increase.
- Condo/co-op pricing metrics declined modestly, with median price down 1% YOY to $1.2M and average price down 6% to $1.7M.
- Single-family median metrics increased annually; median price rose 34% to $14.3M, and average price was up 2% to $16.3M, as the number of closings over $15M doubled this quarter.
Inventory
- Single-family inventory rose 11% YOY to 100 units, the fourth consecutive quarter with an annual gain.
- Condo/co-op inventory fell slightly by 6% annually to 290 available units.
- Days on market rose for both product types, with single-family up 11% to 177 and condo/co-op marketing time up 34% to 154.
The areas around Palm Beach finished the year strong, led by strong luxury single‑family sales in 4Q. Condo prices showed a mixed picture, with high‑end resales lifting average pricing even as more entry-level condos sold. As more homes come to market in several neighborhoods and top coastal properties continue to draw steady interest, buyers now have more options while the overall environment remains competitive.
Jupiter Island → Singer Island
- Closed sales were up double-digits annually for both product types, with single-family sales soaring 76%.
- Condo/co-op pricing metrics declined this quarter because of a 10% increase in the market share of sales priced below $1M as compared to last year.
- Inventory continues to build up as both product types saw annual increases for the ninth consecutive quarter.
West Palm Beach → Lake Worth Beach
- For the second consecutive quarter, both product types experienced double-digit annual gains in sales.
- Condo/co-op pricing metrics were mixed, with average price increasing 11% YOY to $1.1M due to increased new development closings and two sales above $10M this quarter versus none last year.
- Inventory across the area dropped double-digits for single-family homes and condos/co-ops compared to last year; however, both continue to maintain over 250 available listings for over two years.
Hypoluxo Island → Highland Beach
- Both product types displayed annual increases in closings, with single-family home sales surging 61% annually.
- Single-family prices rose sharply this quarter, with median sales price up 58% annually to $3.3M and average price up 30% to $9.2M.This quarter saw triple the number of closings over $30M versus 2024.
- Inventory increased 1% YOY for condos/co-ops but fell 4% YOY for single-family homes.
Delray Beach
- Closed sales increased by double-digits across both product types. Single-family home sales climbed 30% YOY, while condo/co-op sales rose 22% YOY.
- Pricing metrics were also up double-digits across both product types this quarter, with median sales price seeing a major annual jump of 76% to $1.9M.
- Inventory for single-family homes dropped 4% annually, marking the first decline after three consecutive quarters of double-digit annual gains.
Townhouse sales across all submarkets jumped by 56% YOY.
- Along with the double-digit gain in sales, closed sales volume surged 84% annually, driven by a major increase in luxury sales over $5M.
- Compared to last year, median sale price fell 1% while average price increased 18%.
- At the end of the quarter, prospective buyers had 145 homes available, down 22% versus a year ago.
