Palm Beach County has always stood out as one of the nation’s premier luxury markets. In 2025, homes priced above $1 million are holding strong, even as the broader housing market across Florida moderates. The high-end buyer pool remains active, with wealth migration, limited supply, and lifestyle appeal all driving continued interest.
Recent reports show that the median sales price for single-family homes in the Town of Palm Beach climbed to $1.9 million this summer — a year-over-year increase of more than 60%. While that headline number is boosted by a small number of ultra-high-end transactions, the trend across Palm Beach County is clear: luxury homes are still in demand.
At the same time, inventory is beginning to rise. Listings for $1M+ properties grew more than 15% compared with last year. Homes are also spending longer on the market, with the median time to contract extending from just over a month to a month and a half. These shifts create a more balanced market dynamic, opening doors for patient buyers.
Buyer Trends
High-net-worth buyers are fueling demand in Palm Beach County, and their profiles are diverse. Northeastern executives and entrepreneurs are seeking tax advantages and seasonal escapes. International buyers, particularly from South America and Europe, are treating Palm Beach property as a global asset. Local residents are leveraging equity to trade up into prime waterfront or golf-course estates.
Buyers in the $1M+ bracket are prioritizing turnkey properties. Smart-home technology, high-end finishes, and resort-style amenities are now expectations rather than bonuses.
Seller Insights
For sellers, this evolving luxury market demands strategy. Pricing realistically is more critical than ever, as overpriced listings risk languishing. Presentation matters — professional staging, photography, and international marketing can accelerate interest.
Seasonality is still a factor. The fall and winter months, when seasonal buyers return, remain the strongest periods to list.
Bottom Line
Palm Beach County’s luxury real estate market above $1 million is entering a new phase: less frenzied, more balanced, but still exceptionally strong. Buyers gain choice and negotiation power, while sellers who price and present strategically can achieve excellent results.
The underlying fundamentals — wealth migration, limited waterfront supply, and global demand — keep Palm Beach at the forefront of Florida luxury.