West Palm Beach (Palm Beach County) home prices rise in October 2020

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The median sale price of a home sold in October 2020 in West Palm Beach in Palm Beach County rose by $58,000 while total sales increased by 30%, according to BlockShopper.com.

In October 2020, there were 321 homes sold, with a median sale price of $255,000 - a 29.4% increase over the $197,000 median sale price for the same period of the previous year. There were 247 homes sold in West Palm Beach in October 2019.

The median sales tax in West Palm Beach for the most recent year with available data, 2018, was $2,805, approximately 1.1% of the median home sale price for October 2020.

The following table compares West Palm Beach to other Palm Beach County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Loxahatchee Groves660%$280,000$356,234.54-21.4%
Lake Worth2672621.9%$272,000$258,4905.2%
Lake Worth Corridor CDP1124-54.2%$260,000$209,50024.1%
North Palm Beach563086.7%$257,625$347,500-25.9%
Royal Palm Beach937032.9%$256,550$234,4509.4%
West Palm Beach32124730%$255,000$197,00029.4%
Lake Park1320-35%$250,000$199,59225.3%
Sandalfoot Cove CDP48449.1%$242,000$215,50012.3%
Riviera Beach79755.3%$242,000$199,00021.6%
Lantana24229.1%$237,500$222,5006.7%
Royal Palm Beach (unincorporated)6061-1.6%$226,500$129,60074.8%
* This story only considers sales data for the part of West Palm Beach that is in Palm Beach County.

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