West Palm Beach (Palm Beach County) home prices rise in the second quarter of 2020

Medium realestate5

The median sale price of a home sold in the second quarter of 2020 in West Palm Beach in Palm Beach County rose by $32,500 while total sales decreased by 20.9%, according to BlockShopper.com.

From April through June of 2020, there were 561 homes sold, with a median sale price of $237,500 - a 15.9% increase over the $205,000 median sale price for the same period of the previous year. There were 709 homes sold in West Palm Beach in the second quarter of 2019.

The median sales tax in West Palm Beach for the most recent year with available data, 2018, was $2,805, approximately 1.2% of the median home sale price for the second quarter of 2020.

The following table compares West Palm Beach to other Palm Beach County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
North Palm Beach102103-1%$277,000$290,000-4.5%
Boynton Beach (unincorporated)543630-13.8%$273,000$254,0007.5%
Delray Beach354492-28%$268,000$255,0005.1%
South Palm Beach2029-31%$257,500$245,0005.1%
Lake Worth592722-18%$257,000$245,7504.6%
West Palm Beach561709-20.9%$237,500$205,00015.9%
Lake Worth Corridor CDP3450-32%$229,000$228,0000.4%
Sandalfoot Cove CDP94144-34.7%$225,500$185,00021.9%
Lake Park2833-15.2%$222,500$200,00011.3%
* This story only considers sales data for the part of West Palm Beach that is in Palm Beach County.

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