Median home prices in South Palm Beach fell to $260,000 in January 2021

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The median sale price of a home sold in January 2021 in South Palm Beach fell by $50,000 while total sales increased by 55.6%, according to BlockShopper.com.

In January 2021, there were 14 homes sold, with a median sale price of $260,000 - a 16.1% decrease over the $310,000 median sale price for the same period of the previous year. There were nine homes sold in South Palm Beach in January 2020.

The median sales tax in South Palm Beach for the most recent year with available data, 2018, was $3,688, approximately 1.4% of the median home sale price for January 2021.

The following table compares South Palm Beach to other Palm Beach County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Boynton Beach (unincorporated)23020512.2%$293,250$253,00015.9%
Royal Palm Beach (unincorporated)50484.2%$292,000$140,750107.5%
Lake Worth213219-2.7%$290,000$230,00026.1%
Boca Del Mar CDP40385.3%$270,000$250,0008%
Royal Palm Beach876631.8%$269,000$260,999.503.1%
South Palm Beach14955.6%$260,000$310,000-16.1%
Lake Park141216.7%$256,750$233,50010%
Lake Worth Corridor CDP181250%$243,750$216,70012.5%
Boynton Beach165167-1.2%$229,000$183,00025.1%
West Palm Beach26424010%$228,000$190,00020%
Sandalfoot Cove CDP31310%$206,000$234,500-12.2%

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