Palm Beach Housing Market Update: Prices, Inventory and Days on Market (August 2026 Data)

The Palm Beach housing market stayed firm for houses and calmer for condos in August 2026, the latest month with full county data. Single-family homes sold at a median of $650,000 and went under contract in a median of 40 days. Condos and townhouses sold at a median of $300,000 and took 69 days. This monthly update breaks down prices, inventory and days on market by property type for Palm Beach County. It also compares St. Lucie County and explains what the numbers mean if you plan to sell or buy.

Key takeaways

• Single-family median: $650,000, up 3.17% from a year earlier. Condo and townhouse median: $300,000, up 5.26%.
• Active listings fell 20.1% from a year earlier, from 12,661 to 10,115 homes across both types.
• Houses had 3.5 months of supply, a seller's market. Condos had 6.7 months, a balanced market.
• Sellers received a median of 95% of the original list price on houses and 93% on condos.
• In St. Lucie County, the house median was $402,500 with 4.9 months of supply. The condo median was $320,000 with 7.6 months.

Palm Beach housing market at a glance: August 2026

All county figures in this update come from the Miami Realtors and Beaches MLS report for Palm Beach County, released September 16, 2026. They cover closed sales of existing homes. So they lag the market by a few weeks, because a home that sold in August usually went under contract in June or July.

Here is the short version. Prices rose a little. Sales slipped a little. Inventory dropped sharply. That mix usually favors sellers of well-priced houses, while condo buyers still have room to negotiate.

Single-family homes in the Palm Beach housing market

For houses, the August numbers looked like this:

• Closed sales: 1,112, down 2% from 1,135 a year earlier.
• Median sale price: $650,000, up 3.17% from $630,000.
• Active listings: 4,345, down 23.80% from 5,702.
• Months of supply: 3.5.
• Median days to contract: 40, compared with 46 a year earlier.
• Median days to sale: 81, compared with 88.
• Median percent of original list price received: 95%.
• Cash sales: 41.8% of single-family deals.

The biggest change is supply. With nearly a quarter fewer houses for sale than a year ago, buyers have fewer choices. As a result, homes that show well and are priced near recent sales are moving faster.

Still, a 95% median sale-to-original-list figure means many sellers did not get their first asking price. In fact, price cuts and negotiation are normal even in a seller's market. Our guide to the sale-to-list ratio explains how to read that number.

The luxury end

The top of the market is setting records. Palm Beach County logged 170 sales of $10 million or more through August 2026. That already beats the full-year record of 169 set in 2025. However, those sales are a small slice of the total and do not move the county median much.

Condos and townhouses in the Palm Beach housing market

The condo side tells a different story:

• Closed sales: 765, down 6.71% from a year earlier.
• Median sale price: $300,000, up 5.26% from $285,000.
• Active listings: 5,770, down 17.09% from 6,959.
• Months of supply: 6.7.
• Median days to contract: 69, compared with 74 a year earlier.
• Median days to sale: 108, compared with 112.
• Median percent of original list price received: 93%.
• Cash sales: 57.2% of condo deals.

The report calls 6 to 9 months of supply a balanced market, and condos now sit inside that range. Prices rose, and listings fell, but buyers still have time to compare buildings.

Two other forces shape this segment. First, Florida's condo safety laws require milestone inspections and structural reserve studies for many older buildings, and some owners face higher dues or special assessments. Second, more than half of condo buyers paid cash, so a seller with a building that has loan trouble may see fewer financed offers.

How St. Lucie County compares

Many buyers shop both counties, so we track St. Lucie County, including Port St. Lucie, in the same update. The figures come from the Miami Realtors report for St. Lucie County for August 2026.

St. Lucie single-family homes

• Closed sales: 444, down 6.53% from 475.
• Median sale price: $402,500, up 0.63% from $400,000.
• Active listings: 2,270, down 3.45% from 2,351.
• Months of supply: 4.9.
• Median days to contract: 54, compared with 64.
• Median percent of original list price received: 96%.

St. Lucie condos

• Closed sales: 80, down 9.09% from 88.
• Median sale price: $320,000, up 7.22% from $298,450.
• Active listings: 626, down 15.18% from 738.
• Months of supply: 7.6.
• Median days to contract: 82, compared with 78.
• Median percent of original list price received: 94%.

House prices differ a lot between the two counties. The median house in St. Lucie County sold for about $247,500 less than in Palm Beach County. That is why many Palm Beach County buyers look north. By contrast, the condo medians are close, and St. Lucie's small condo market is slower.

Inventory also moved in different ways. Palm Beach County houses lost almost a quarter of their listings in a year. Meanwhile, St. Lucie houses lost only about 3%. So Port St. Lucie buyers have more choice, while Palm Beach County sellers face less competition.

What the Palm Beach housing market means for sellers

If you own a house, conditions are good, but not easy. Low supply helps you. On the other hand, a 95% median of original list price shows buyers still push back on price. Here is how to use the data:

1. Price from recent nearby sales, not from the county median. A house in Wellington and one in Lake Worth Beach live in different markets.
2. Plan for about 40 days to contract and roughly 80 more to close if your home is priced well.
3. Expect cash offers. About 4 in 10 house sales were cash in August.
4. If you own a condo, budget more time and prepare your association documents early.

A free home value report is a good first step, because it uses sales near you rather than a countywide number.

What the Palm Beach housing market means for buyers

Buyers face fewer houses than a year ago. Even so, the median house sold below its original list price, so a reasonable offer is not an insult. Also, watch rates closely. The county report noted that the 30-year fixed rate averaged 6.67% in August 2026 and had climbed to 7.17% by September 15. A rise like that can cut what a buyer can afford, so get a fresh pre-approval before you write an offer.

Condo buyers have the most room. With 6.7 months of supply and a 69-day median to contract, you can take time to read the budget, the reserve study and the minutes. If you want more house for the money, compare West Palm Beach with Port St. Lucie. Our South Florida real estate market overview adds Broward and Miami-Dade for context.

What to watch in the next Palm Beach housing market report

A few trends could change the picture over the next few months. We will track each one as new data comes in.

Mortgage rates

Rates rose in early September, after the August sales had already gone under contract. Because closed sales lag contracts by weeks, any slowdown from higher rates would show up in the fall reports first. Watch the pending sales and new listings figures, since they move before closed sales do.

Inventory and new listings

Supply is the number to watch for house sellers. If listings keep falling, prices should hold up. On the other hand, if more owners list in the fall, buyers will gain leverage again. Seasonal buyers from the North also tend to arrive later in the year, which can lift showings in coastal towns.

Condo costs

For condo owners, the key questions are dues, reserves and special assessments. Buildings that finished their inspections and funded their reserves may sell more easily than those still working through repairs. So ask your agent how your building compares with others nearby.

How to read monthly market numbers

A few terms show up in every update, so here is what they mean:

• Median price is the middle sale. Half sold for more and half for less. A shift in which homes sold can move it even when values do not change.
• Months of supply is how long current listings would last at the recent pace of sales. This report calls 6 to 9 months balanced, and less than that tilts toward sellers.
• Days to contract counts from listing to accepted offer. Days to sale adds the closing period.
• Percent of original list price compares the final price with the first asking price, so it captures price cuts.

One month can be noisy. Therefore, look at the trend over three to six months before you make a big decision. We update this page each month as new county reports come out.

Frequently asked questions

Is the Palm Beach housing market a buyer's or seller's market?

It depends on the type of home. In August 2026, houses had 3.5 months of supply, which favors sellers. Condos had 6.7 months, which the report calls balanced.

What is the median home price in Palm Beach County?

In August 2026, the median was $650,000 for single-family homes and $300,000 for condos and townhouses.

How long does it take to sell a house in Palm Beach County?

The median house went under contract in 40 days and closed in 81 days from listing in August 2026. Condos took 69 days to contract and 108 days to close.

Are prices falling in the Palm Beach housing market?

Not on a yearly basis. Both medians rose from August 2025, while inventory fell. Even so, many sellers accept less than their first list price.

Is Port St. Lucie cheaper than Palm Beach County?

For houses, yes. The St. Lucie County house median was $402,500 in August 2026. For condos, the two counties were close.

Sources

• Miami Realtors, Palm Beach County August 2026 market report
• Florida Statutes, s. 553.899 (milestone inspections)
• Miami Realtors, St. Lucie County August 2026 market report

This article is general information, not legal, tax or financial advice. Market data changes each month, so check current figures and talk with a licensed professional about your own situation.

What is your home worth in this market? Get a free Pure Equity home value report built on recent sales near you, not a countywide average. Thinking about buying instead? Our agents can show you where your budget goes furthest, from Port St. Lucie to Boca Raton. Contact our team.