North Palm Beach home prices fall in October 2020

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The median sale price of a home sold in October 2020 in North Palm Beach fell by $89,875 while total sales increased by 86.7%, according to

In October 2020, there were 56 homes sold, with a median sale price of $257,625 - a 25.9% decrease over the $347,500 median sale price for the same period of the previous year. There were 30 homes sold in North Palm Beach in October 2019.

The median sales tax in North Palm Beach for the most recent year with available data, 2018, was $3,409, approximately 1.3% of the median home sale price for October 2020.

The following table compares North 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)
Boynton Beach (unincorporated)27620534.6%$299,950$262,50014.3%
Delray Beach19315127.8%$290,000$250,00016%
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%

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