2024 Q2 Market Report Palm Beach and Martin Counties

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Florida’s East Coast Snapshot

Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.

$3.500.000

$3.000.000

$3.000.000

$2.500.000

$2.000.000

$1.500.000

$1.000.000

$$500.000

Market data represents single-family and condominium properties above $1,000,000 for Miami-Dade, Broward and Palm Beach County and above $500,000 for Martin, Indian River, Brevard, Clay, Duval, Nassau, Flagler and St. Johns County.

Brevard
River
Brevard Indian River Martin Palm Beach Broward Miami-Dade Clay Duval Flagler Nassau

Miami-Dade County

BUYERS RETURN TO THE MARKET

Total sales in Miami-Dade County rose by 12% compared with the same quarter last year. The average time it took to sell a home decreased to approximately 77 days.

Palm Beach County

HIGHER PRICED HOME SALES INCREASE

Total sales increased by 15% in Palm Beach County in the second quarter. Compared with the same time last year, there were 14% more homes sold in the greater than $5 million price tier.

1,877

Palm Beach County

PRICE DECREASES

The median price decreased by 10% compared with last year. At the same time, sales dropped by 3%.

Martin County

SALES AND PRICING IMPROVE

Sales increased by 3% year-over-year in the second quarter, while the median price appreciated by 4%.

NEIGHBORHOOD SNAPSHOTS

SINGLE-FAMILY

Martin County

STRONG PRICE APPRECIATION

The median price of condominiums appreciated by 14% year-over-year, the highest increase in the region.

MARKET DATA FOR CONDOMINIUMS, $500,000+

NEIGHBORHOOD SNAPSHOTS

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2024 Q2 Market Report Palm Beach and Martin Counties by Nadine Fite, Palm Beach County Realtor - Issuu