Home prices increased in Palm Beach Shores during January 2021

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The median sale price of a home sold in January 2021 in Palm Beach Shores rose by $255,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In January 2021, there were four homes sold, with a median sale price of $592,500 - a 75.6% increase over the $337,500 median sale price for the same period of the previous year. There were six homes sold in Palm Beach Shores in January 2020.

The median sales tax in Palm Beach Shores for the most recent year with available data, 2018, was $5,673, approximately 1% of the median home sale price for January 2021.

The following table compares Palm Beach Shores 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)
Manalapan13-66.7%$2,100,000$700,000200%
Ocean Ridge46-33.3%$1,827,500$1,112,50064.3%
Golf10-$1,800,000$0-
Gulf Stream41300%$1,571,250$1,600,000-1.8%
North Palm Beach (unincorporated)93200%$1,075,000$575,00087%
Palm Beach Shores46-33.3%$592,500$337,50075.6%
Jupiter (unincorporated)242020%$554,700$400,00038.7%
Loxahatchee Groves42100%$532,500$220,500141.5%
Tequesta (unincorporated)12771.4%$523,000$565,000-7.4%
Highland Beach2411118.2%$497,500$790,000-37%
West Delray110%$465,000$455,0002.2%

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