West Palm Beach, FL 33405 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market-value indicator is the median sold price 939,000, which points to modest price appreciation consistent with the broader reported price year-over-year trend of up.
2. Despite a high advertised median listing price of 1,895,000, recent transaction activity anchored by the median sold price 939,000 suggests a meaningful gap between seller expectations and realized sale values that may create pricing friction in negotiations.
3. Liquidity appears muted: the median days on market 448 indicates slower sales velocity and longer exposure for listings, which, combined with a neutral market temperature and the sample inventory relationship, suggests transactions are proceeding cautiously rather than rapidly.
4. Rental fundamentals are strengthening — the median market rent 2,618 and a rent year-over-year trend of up support continued investor and landlord interest, while moderate interest rate pressure and current 30-year fixed mortgage rates averaging 6.53% imply financing costs are a headwind but not sharply destabilizing.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.