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The Downtown West Palm Beach market
Market report · Neighbourhood · Jul 2026
The Downtown West Palm Beach market, in numbers
Part of West Palm Beach — see the West Palm Beach report
Homes in Downtown West Palm Beach typically sell in about 81 days, close around 3.4% under ask, prices are down 41.0% on a year ago. With 51.4 months of inventory, it’s a buyer’s market.
Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.
Median sale price
$289k
↓ −48.4% MoM↓ −41.0% YoY
4 sales closed in Jul 2026
Median rent
$2,675/mo
↑ +40.8% YoY
2 leases closed in Jul 2026
Low sampleTime to sell
81 days
typical days on market
Days from listing to going under contract.
Negotiation room
3.4% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
51.4 mo
buyer’s market
Low sampleActive listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
+24% vs West Palm Beach overallmedian sale price
Sells 28 days faster than West Palm Beachdays on market
HOA fees 2.92× the West Palm Beach averageper sqft, monthly
Your questions, answered
Straight answers from Downtown West Palm Beach’s closed transactions.
What does a home here cost?
The median sale closed at $289k in Jul 2026, down 41.0% on a year ago. Typical sales ranged $119k–$841k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $2,597/mo including taxes and HOA — comfortable at a household income around $104k a year, using the 30% rule. Renting instead costs $2,675/mo.
Is now a good time to buy?
51.4 months of inventory points to a buyer’s market, and sellers are accepting about 3.4% under ask. Prices have eased over the past year, which favors patient buyers.
How fast do homes sell?
About 81 days from listing to contract in Jul 2026. The pace picks up toward July and slows around March.
How much room is there to negotiate?
Closings typically land 3.4% under asking price, and 42% of active listings have already reduced their price (median cut 7.2%).
When is the best time to list?
Closings peak in July and bottom out around March. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.
Buying vs renting
Price-to-rent ratio is 9.0 — buying typically starts to beat renting after roughly 3–4 years here.
To buy — median sale price
Sale price, $
$289k↓ −48.4% MoM↓ −41.0% YoY
Jul 2026 — median $289k · 4 sales · 81 days on market
$0
$250k
$500k
$750k
$1.0M
$1.25M
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
To rent — median monthly rent
Monthly rent, $
$2,675/mo↑ +40.8% YoY
Jul 2026 — median $2,675/mo · 2 leases · 84 days on market · low sample
$0
$5,000
$10k
$15k
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What each size costs
Medians over the last 12 months.
Beds
To buy
To rent
Volume
1 bed
$182k
$1,949/mo
32 closed
2 beds
$438k
$2,216/mo
22 closed
3 beds
$670k
$2,629/mo
10 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$339k
76% of sales · 13 closed
House
$352k
18% of sales · 3 closed
Townhouse
$1.05M
6% of sales · 1 closed
Low sampleMarket depth
Supply and demand
Listings per month
Jul 2026 — 4 closed · 1 new · 137 active
0
50
100
150
200
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in July
0
0.5
1
1.5
2
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Jul 2026 — 42% of active listings cut · median cut 7.2%
0%
25%
50%
75%
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$0.87 per sqft · Jul 2026
$0.40
$0.60
$0.80
$1.00
$1.20
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across West Palm Beach
Median sale price, last 12 months. Tap a row to open its report.
Based on 127 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.