Cheap Homes for Sale in Palm Beach, FL

1,987 Homes for Sale

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Palm Beach, FL Housing Market Overview

Palm Beach is a balanced market, giving buyers and sellers room to negotiate. With 1.2 months of supply and homes averaging 133 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

133

Inventory

1,987

Aug 2021May 2024Jul 2026

Median Home Price

$3,000,000Up 59.33%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
1,987 Up 42.04%
Newly Listed Homes
34 Up 112.50%
Months of Supply
1.2 Down 69.35%

Housing Demand

Homes Sold
190 Up 363.41%
Sale-to-List Ratio
90% Up 1.11%
Homes Sold Above List
2.2% Down 0.00%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Palm Beach Market Report
No. of Homes
Prices
Days on Market
Homes for Sale Miami
12,187
$580,000
79
Homes for Sale Sarasota
7,765
$505,500
87
Homes for Sale Lehigh Acres
6,249
$309,990
84
Homes for Sale Cape Coral
6,019
$385,000
79
Homes for Sale Naples
5,952
$619,500
100
Homes for Sale Jacksonville
5,870
$310,000
56
Homes for Sale Fort Myers
5,514
$335,000
92
Homes for Sale Port Charlotte
4,937
$320,000
89
Homes for Sale Orlando
4,798
$408,000
63
Homes for Sale Ocala
4,369
$286,025
91
Homes for Sale Kissimmee
4,237
$357,990
78
Homes for Sale Tampa
3,832
$450,000
62
Homes for Sale Punta Gorda
3,455
$360,000
94
Homes for Sale North Port
3,180
$319,900
-
Homes for Sale Fort Lauderdale
2,790
$550,000
80
Homes for Sale Hernando
2,693
$340,000
-
Homes for Sale Palm Bay
2,616
$329,995
70
Homes for Sale Bradenton
2,528
$429,000
80
Homes for Sale Seminole
2,494
$445,000
-
Homes for Sale St. Petersburg
2,445
$346,250
90

Frequently Asked Questions

Is West Palm Beach walkable, or do you need a car?

West Palm Beach is generally car-dependent, meaning most daily errands require a vehicle. However, historic and urban pockets like Downtown, Flamingo Park, and Grandview Heights are much more walkable.

What is the average cost of buying a home in West Palm Beach, Florida?

West Palm Beach's median sale price is $3,000,000, with homes averaging 133 days on the market. The spread runs wide by location. Intracoastal and waterfront blocks in El Cid demand a heavy premium, while inland neighborhoods west of Australian Avenue stay considerably affordable.

What are the disadvantages of living in West Palm Beach?

Primary drawbacks include hurricane risks, steep insurance premiums, and hot, humid summers. The city is mostly car-dependent, and both I-95 and local corridors get heavily congested during peak winter tourist season.

Is West Palm Beach at risk of red tide or algae bloom issues?

Red tide is primarily a Gulf Coast issue, but West Palm Beach waterfront properties face periodic blue-green algae risks. Emergency Lake Okeechobee releases and runoff flow down the C-51 canal directly into the Lake Worth Lagoon, occasionally triggering odor, toxicity, and boating or swimming advisories.

What should I check about a property's flood zone before making an offer?

Verify the home's FEMA flood zone. Properties in a Special Flood Hazard Area (SFHA) mandate flood insurance for federally backed mortgages. Florida law requires sellers to disclose known flood history, so always review the disclosure form before submitting an offer.

How much does homeowners insurance cost in West Palm Beach?

Homeowners insurance in West Palm Beach averages roughly $6,000 to $10,000 annually, with standard policies for older or coastal homes often reaching $14,000 or more. Rates depend heavily on roof age, wind mitigation features, and proximity to the water.

What should I know about property taxes before buying in West Palm Beach?

West Palm Beach property taxes fall under Palm Beach County's system, which taxes homeowners based on assessed value. File for Florida's Homestead Exemption by March 1 to deduct up to $50,000 from taxable value and lock in the Save Our Homes cap, which limits future assessment increases to 3% annually.

What is Citizens Property Insurance, and when would I need it?

Citizens is Florida's state-backed insurer of last resort. You qualify only if private insurers deny you coverage or if private premiums exceed Citizens' comparable quote by at least 20%. It serves high-risk properties exposed to severe windstorm threats.

  • mls-img
    Based on information from Stellar MLS® through Sep 25, 2026, 12:15 AM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
  • mls-imgIDX Logo
    IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. Based on information © 2026 BeachesMLS, Inc. All Rights Reserved.
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    Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® through Sep 25, 2026, 12:15 AM. The MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law. Copyright Southeast Florida MLS a/k/a SEFMLS © 2026. All rights reserved.
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    Based on information from the Space Coast MLS through Sep 25, 2026, 12:15 AM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Space Coast Association of Realtors®. All Rights Reserved.

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Palm Beach, FL Housing Marketlink qauare
Homes Available icon

1,987

Homes Available

Median List Price icon

$ 3,000,000

Median List Price

Avg on Market icon

133 Days

Avg on Market

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