Posted July 18, 2025
Palm Beach County’s Market Is Shifting Toward Balance
The housing market in Palm Beach County looks very different in mid‑2025 than it did a year ago. After a frenetic pandemic‑era surge, inventory has climbed and prices have moderated. Single‑family homes now have around 5.9 months of supply, which industry experts consider a balanced market rather than a strong seller’s market【696201062286882†L83-L100】. Home sales in the county are down roughly 5 % year over year, and while the median sale price remains high at about $645,000, it has flattened out【696201062286882†L83-L100】. This greater supply gives buyers more negotiating power and time to make decisions.
Not all price segments are equal. According to the Haigh Group’s July 2025 breakdown, single‑family homes under $500,000 still have only 3.4 months of inventory, meaning demand remains relatively strong【651647716835436†L100-L107】. By contrast, waterfront homes priced between $1 million and $3 million have over 6 months of supply after peaking at more than eight months earlier this year【651647716835436†L114-L118】, and condos between $500,000 and $1 million have around 8.4 months of inventory【651647716835436†L120-L124】. These differences matter when you’re pricing a listing or evaluating a purchase.
Recent Data Points to a Buyer’s Market
Market statistics reinforce the shift. In July 2025 there were approximately 15,732 homes for sale in Palm Beach County—up 3.5 % from June【996321409670407†L317-L320】. Only 1,588 homes sold that month, a decline of 14.2 %【996321409670407†L328-L333】. That means homes are sitting longer: the average listing spends about 73 days on the market, nearly a month longer than last year【996321409670407†L431-L442】. The majority of sellers (83.8 %) ultimately accept a price below their asking figure【996321409670407†L391-L402】. Together, these numbers indicate a market where buyers have leverage to negotiate terms and concessions.
Looking specifically at Jupiter, the data is mixed. The median sale price sits at around $630,000, down about 22 % compared with last year【730092101798969†L117-L135】. Yet there were 118 closings in June 2025, a 37 % increase over the previous year【730092101798969†L117-L135】. Homes still receive roughly two offers each and take an average of 84 days to sell【730092101798969†L117-L135】. For buyers, this means more options and negotiating power; for sellers, it underscores the importance of competitive pricing and expert marketing.
Advice for Sellers
In a balanced or buyer‑skewed market, sellers must be strategic. Here are my recommendations:
- Price competitively. Examine recent comparable sales and account for current supply levels. In segments with plenty of inventory, over‑pricing will cause your listing to languish.
- Prepare the property. Small updates, staging and professional photography can make a big difference. My construction background allows me to recommend cost‑effective improvements that yield strong returns.
- Be flexible on terms. Buyers now expect contingencies for inspections and appraisals. Flexibility on closing dates and repairs can make your home stand out.
Tips for Buyers
Buyers can take advantage of the current conditions—but strategy matters. A 2025 negotiation guide from luxury agent Tim Elmes suggests researching the seller’s motivations and starting around the average ask‑to‑sale ratio in your market【138420176502624†L75-L104】. Being pre‑approved for a mortgage or providing proof of funds also strengthens your bargaining position【138420176502624†L105-L114】. Understand local customs regarding closing costs and title insurance【138420176502624†L119-L126】, and work with a trusted buyer’s agent—even though sellers typically pay the agent’s commission【138420176502624†L142-L152】. Finally, choose a reputable closing agent who can keep the transaction on track【138420176502624†L129-L137】. With the right approach, you can secure a home at a fair price and on favorable terms.
If you’re wondering whether now is the right time to buy or sell, the answer depends on your situation and the segment you’re targeting. I’d be happy to walk you through current data and tailor a strategy to your goals. Reach out here and let’s discuss.