The 2025 year-end Palm Beach County real estate results are in.
And it tells the most important real estate story of all: local real estate knowledge is all you need to know.
(But wait. My January Delray Beach Real Estate Market Update Video published – check it out).
To show this story, look at the graph below. In Palm Beach County, the median home price was $630k, the same as in 2024. So, there was 0% growth year-over-year.
At the same time, the metric we use to tell if it’s a sellers or buyers market, Months of Supply, fell almost 5% to 4.5 months (below 6 months is a sellers market). So homes are a strong sellers market.
Now look at the condo market. The median price was down 3%, while months of supply was down 3.4%. However, at 8.5 months of supply, it’s remains a solid buyers market.
One metric was consistent: the time it takes to sell. It took homes 18% longer to sell in 2025, while condos took 46% longer to sell.
Condos are still mired in a thick list of issues that won’t go away. Structural engineering reports, Milestone reports, Reserve Studies, and the relentless increasing HOA fees haven’t stopped.
When you look at the graph above, it’e easy to see how condos are the weak spot in our market today.
But looking at Palm Beach County is a wide lense. When I look at Delray Beach, the view narrows. And this is where the power of local real estate information comes to play.
Learn Your Local Real Estate Trends Is Critical
For single family homes in Delray, the year-end 2024 median price was $792,500 via 1,102 sales. In 2025, median price was $800,000 with 1,191 sales. So there was a slight rise in price and number of sales.
Now let’s look at Delray’s condo market.
In 2024 with 1318 sales, the median condo sales price was $215k. There were 1342 sales in 2025 at a median price of $180k. That’s a 16% drop year-over-year for the greater Delray Beach condo market. So, there were more condo sales at lower prices.
Sharing more local real estate data in central Delray Beach – the 33444 zip code – the median condo sold price in 2024 was $760k with 209 condos sales. In 2025, 222 units sold at a median price of $1,011,000. That’s a 44% price increase!
So when you ask, “Hows the market?”… understanding which one is critical. How deep into the local real estate data do you want to go?
This exercise is about the/an ongoing narrative that only local real estate market data matters. Sure, it’s nice to know how the Palm Beach County real estate market is doing, or even greater Delray Beach. But this is just your starting point.
Once you know where you want to buy, I’ll dive deep into the local real estate data for you.
Knowing national and regional real estate data is fun for cocktail party convos… local real estate data is where you make or lose money – and look smart!
(Main Photo: Catamaran’s racing on the Delray Beach Intracoastal)
——————————————-
*** Geronimo Bar and Grill OPENED Monday night on The Ave – it’s gorgeous!
*** With ONLY two units remaining in Pineapple Grove Condos, This downtown Delray condo listing delivers HUGE value. 2 Gyms, 1 pool, business center, bicycle parking, secure-gated parking and a 94/100 Walkability Score!
*** I’ve never been so bullish on Delray Beach real estate. Why? Read my thoughts
———————————————
*** South Florida Real Estate Inventory is ABOVE 2019***
Last week’s supply was 55,965
Today’s supply is 55,623
Supply was down Last Week
*** Supply is DOWN 26 of 37 weeks…***
