South Palm Beach home prices fall in October 2020

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The median sale price of a home sold in October 2020 in South Palm Beach fell by $22,500 while total sales increased by 85.7%, according to

In October 2020, there were 13 homes sold, with a median sale price of $340,000 - a 6.2% decrease over the $362,500 median sale price for the same period of the previous year. There were seven homes sold in South Palm Beach in October 2019.

The median sales tax in South Palm Beach for the most recent year with available data, 2018, was $3,688, approximately 1.1% of the median home sale price for October 2020.

The following table compares South 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)
Palm Beach Gardens17814522.8%$384,500$343,00012.1%
Loxahatchee (unincorporated)3234-5.9%$373,500$350,5006.6%
Palm Beach Shores6450%$363,650$308,00018.1%
South Palm Beach13785.7%$340,000$362,500-6.2%
Boca Raton (unincorporated)30523629.2%$313,000$278,00012.6%
Boca Del Mar CDP474211.9%$313,000$297,5005.2%
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%

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