Median home prices in Palm Beach rose to $2,200,000 in January 2021

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The median sale price of a home sold in January 2021 in Palm Beach rose by $1,363,000 while total sales increased by 62.9%, according to

In January 2021, there were 57 homes sold, with a median sale price of $2,200,000 - a 162.8% increase over the $837,000 median sale price for the same period of the previous year. There were 35 homes sold in Palm Beach in January 2020.

The median sales tax in Palm Beach for the most recent year with available data, 2018, was $12,466, approximately 0.6% of the median home sale price for January 2021.

The following table compares 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)
Jupiter Inlet Colony220%$3,525,750$3,000,00017.5%
Palm Beach573562.9%$2,200,000$837,000162.8%
Ocean Ridge46-33.3%$1,827,500$1,112,50064.3%
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%

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