Palm Beach County Real Estate Market Update: Q3 2026
By Cibie Cahur, The Cahur Group at Keller Williams Realty | Palm Beach & Martin County, FL | Published August 28, 2026
Quick answer: As of June 2026 — the latest month with released MLS figures — Palm Beach County’s single-family median was $700,000, up 11.82% year over year, on just 3.9 months of supply (MIAMI REALTORS® + RWorld / BeachesMLS, released July 17, 2026). That’s a firm seller’s market for houses. Q3 isn’t finished, so treat this as a checkpoint on the freshest data, not a closed quarter — here’s what it means for buyers and sellers.
Key Takeaways
- Single-family prices set another high. Palm Beach County’s single-family median reached $700,000 in June 2026, up 11.82% from $626,000 a year earlier (MIAMI REALTORS® + RWorld).
- Houses are a seller’s market; condos have tipped toward buyers. Single-family supply sits at 3.9 months, condos at 7.2 (By The Sea Realty / BeachesMLS, June 2026).
- Houses still move fast. Single-family homes went under contract in a median 42 days, with active listings down about 24% year over year to 4,782 (MIAMI REALTORS® + RWorld; By The Sea Realty, June 2026).
- The luxury tier is red-hot. Sales of $1 million-plus homes jumped 57% year over year in June 2026 (MIAMI REALTORS® + RWorld).
- Cash rules the top of this market. West Palm Beach is the No. 1 all-cash metro in the country, where cash made up 47.2% of purchases (Redfin, December 2025).
- Rates are stuck in the high 6s. The 30-year fixed averaged 6.69% on August 6, 2026 (Freddie Mac).
What’s the Palm Beach County real estate market doing heading into Q3 2026?
Still climbing, and still tight. Palm Beach County’s single-family median hit $700,000 in June 2026, an 11.82% year-over-year gain, while total home sales rose 22.3% — the 10th straight month of annual increases (MIAMI REALTORS® + RWorld, released July 17, 2026). Demand held even with the 30-year fixed near 6.69% (Freddie Mac, August 6, 2026).
Here’s the part most “Q3 update” posts skip: it’s early in the quarter, and the freshest complete month on the books is June 2026, not a finished third quarter. Q3 runs July through September and won’t close in the data until the fall. So read this as a checkpoint on the latest released month, not a wrapped-up quarter — anyone posting “final Q3 numbers” right now is really posting a guess.
By the numbers: Palm Beach County’s single-family median was $700,000 in June 2026, up 11.82% from $626,000 a year earlier, while total home sales rose 22.3% year over year — a 10th straight month of annual gains (MIAMI REALTORS® + RWorld / BeachesMLS, released July 17, 2026).
How much do homes cost in Palm Beach County right now?
It depends entirely on whether you want a house or a condo. In June 2026, the single-family median was $700,000 (up 11.82%), while the condo and townhouse median was $325,000 (up 3.17%) — a $375,000 gap (MIAMI REALTORS® + RWorld, June 2026). Fold them into one “county median” and you’d hide both stories.
What one headline figure won’t tell you: houses and condos are two different markets right now. Single-family values grew nearly four times faster than condos year over year, houses sell in a median 42 days versus 68, and single-family supply (3.9 months) is roughly half the condo figure (7.2) (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026).
| Segment | Median sale price (June 2026) | YoY change | Months of supply | Median days on market | Active listings (YoY) |
|---|---|---|---|---|---|
| Single-family | $700,000 | +11.82% | 3.9 | 42 | 4,782 (−24%) |
| Condo / townhouse | $325,000 | +3.17% | 7.2 | 68 | 6,216 (−19%) |
By the numbers: June 2026 medians were $700,000 for single-family (+11.82% from $626,000) and $325,000 for condos and townhouses (+3.17% from $315,000), with houses under contract in a median 42 days versus 68 on market for condos (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026).
Is Palm Beach County a buyer’s or seller’s market?
Both, depending on what you’re buying. Single-family homes are firmly a seller’s market — 3.9 months of supply, active listings down about 24% to 4,782, and homes under contract in a median 42 days (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026). Anything under six months of supply favors sellers, and houses are well under that line.
The condo side reads differently. Condo supply sits at 7.2 months — past the balanced line and into buyer’s-market range — with the median up just 3.17%, 68 days on market, and sellers collecting 93% of list (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026). So a buyer chasing a house faces real competition, while one open to a condo has room to negotiate. Same county, two very different experiences.
By the numbers: Single-family supply was 3.9 months in June 2026 (active listings down about 24% to 4,782; a median 42 days to contract), versus 7.2 months for condos at 93% of original list price and 68 days on market (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026).
What’s happening in the Palm Beach County luxury market?
It’s the strongest part of the market. Sales of $1 million-and-above homes surged 57% year over year in June 2026, far outpacing the 22.3% rise in overall closings (MIAMI REALTORS® + RWorld).
Here’s what makes Palm Beach different from almost every other U.S. market: cash. West Palm Beach ranks as the No. 1 all-cash homebuying metro in the country, where cash accounted for 47.2% of purchases (Redfin, December 2025), and the June 2026 MIAMI REALTORS report reaffirmed that top spot. When nearly half your competition doesn’t need a mortgage, a 6.69% rate matters far less than it does elsewhere. If you’re weighing a move at the top of the market, our look at luxury buyer migration into Palm Beach County explains who’s driving it.
By the numbers: Sales of $1 million-plus homes rose 57% year over year in June 2026 against a 22.3% overall gain (MIAMI REALTORS® + RWorld); West Palm Beach ranked the No. 1 all-cash U.S. market, with cash at 47.2% of purchases (Redfin, December 2025).
How are mortgage rates affecting Palm Beach County buyers?
Less than you’d think — but they still set the ceiling for financed buyers. The 30-year fixed averaged 6.69% on August 6, 2026, up from 6.66% a week earlier and 6.63% a year ago, its fifth straight weekly increase (Freddie Mac).
The twist in Palm Beach County is how many buyers skip financing entirely. With cash behind nearly half of West Palm Beach purchases (Redfin, December 2025), rate moves hit the entry and mid-market harder than the luxury tier. If you’re financing, the smart play isn’t to time the rate; it’s to buy the right home and refinance later if rates ease. Wondering whether this is your window? Our guide to the best time to buy in Palm Beach County walks through it.
By the numbers: The average 30-year fixed rate was 6.69% on August 6, 2026, up from 6.66% a week earlier and 6.63% a year ago — a fifth straight weekly increase (Freddie Mac, Primary Mortgage Market Survey).
What should buyers do in Palm Beach County heading into Q3?
Come prepared to move — and to compete with cash. Single-family homes went under contract in a median 42 days in June 2026 (MIAMI REALTORS® + RWorld), and where 47.2% of nearby buyers pay cash (Redfin, December 2025), a financed offer needs strong pre-approval and clean terms to win.
Your negotiating room lives in two places: condos, where 7.2 months of supply and a softer 93%-of-list ratio give you space, and any house that’s sat well past the 42-day median. If a payment near 6.69% stretches the budget (Freddie Mac, August 6, 2026), those are where the value sits this quarter. Not sure what your target home should really cost? Talk with our team before you write an offer.
By the numbers: Palm Beach County single-family homes went under contract in a median 42 days in June 2026 (MIAMI REALTORS® + RWorld); cash was 47.2% of West Palm Beach purchases (Redfin, December 2025), and the 30-year fixed averaged 6.69% on August 6, 2026 (Freddie Mac).
What should sellers know before listing this quarter?
If you’re selling a house, timing is on your side — but pricing still decides everything. Single-family inventory is down about 24% year over year to 4,782 active listings, and houses are going under contract in a median 42 days on just 3.9 months of supply (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026). Scarcity works in your favor.
Condo sellers face a tougher room. With 7.2 months of supply, a median up only 3.17%, and homes closing at 93% of list, sharp pricing beats optimistic pricing (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026). The rule for either seller: price to recent comparable sales in your own neighborhood, not to a countywide median or last year’s peak — see what your home is worth to start.
By the numbers: Single-family listings fell about 24% to 4,782 in June 2026, with houses under contract in a median 42 days on 3.9 months of supply; condos closed at 93% of list on 7.2 months of supply (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS, June 2026).
The caveat that matters most
County-wide figures are useful for direction and close to useless for a decision.
Jupiter’s waterfront doesn’t behave like Lake Worth. Palm Beach Gardens doesn’t behave like Wellington. A gated golf community with a handful of listings follows its own logic entirely. Every number above is an average across markets that are genuinely different from one another.
If you’re making a real decision about a real property, what matters is your neighborhood in Jupiter, your price band, and your property type — not the county line. For the longer trend behind these numbers, our Q1 2026 Palm Beach County market report shows how we got here.
Frequently asked questions
What is the median home price in Palm Beach County right now?
As of June 2026 — the latest released month — the single-family median sale price was $700,000, up 11.82% year over year, while the condo and townhouse median was $325,000, up 3.17% (MIAMI REALTORS® + RWorld / BeachesMLS). Houses and condos are moving at very different speeds, so the right number depends on what you’re buying.
Is Palm Beach County a buyer’s or seller’s market in 2026?
It’s split. Single-family homes are a seller’s market at 3.9 months of supply, while condos have tipped toward buyers at 7.2 months (By The Sea Realty / BeachesMLS, June 2026). Anything under six months of supply generally favors sellers, so house sellers hold the advantage and condo buyers have more room to negotiate.
How long does it take to sell a home in Palm Beach County?
In June 2026, single-family homes went under contract in a median 42 days, even with a year earlier, while condos took a median 68 days on market (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS). Condos also closed at 93% of original list price, so pricing matters even more on that side.
Why do so many Palm Beach County homes sell for cash?
West Palm Beach is the No. 1 all-cash homebuying market in the country, with cash making up 47.2% of purchases as of Redfin’s most recent ranking (December 2025), and the June 2026 MIAMI REALTORS report reaffirmed that top spot. Relocating buyers and downsizers, many selling homes elsewhere, drive the cash share — which is why mortgage rates move this market less than most.
Are Palm Beach County home prices still going up in 2026?
On the single-family side, yes so far — the median rose 11.82% year over year in June 2026 to $700,000, with supply at just 3.9 months and inventory down about 24% (MIAMI REALTORS® + RWorld; By The Sea Realty / BeachesMLS). Condos are flatter, up 3.17%. Tight house supply tends to support prices, though no one can promise a direction.
Is this a completed Q3 2026 report?
No. As of early August 2026, the most recent month with final MLS data is June 2026; Q3 (July through September) doesn’t close in the data until the fall (MIAMI REALTORS® + RWorld, released July 17, 2026). This update reflects the freshest released figures heading into Q3, not a finished quarter.
Sources
- MIAMI REALTORS® + RWorld / BeachesMLS — “Palm Beach County Total Home Sales Jump for 10th Consecutive Month” (June 2026 statistics, released July 17, 2026) — https://www.miamirealtors.com/2026/07/17/palm-beach-county-total-home-sales-jump-for-10th-consecutive-month/ (retrieved 2026-08-07)
- By The Sea Realty — “South Florida Market Intelligence – June 2026” (BeachesMLS data) — https://www.bythesearealty.com/blog/south-florida-market-intelligence-june-2026/ (retrieved 2026-08-07)
- Jason Taub / TAUB Real Estate — “June 2026 Real Estate Market Snapshot: Broward, Palm Beach & St. Lucie Counties” — https://www.jasontaubrealtor.com/blog/june-2026-real-estate-market-snapshot-broward-palm-beach-st-lucie-counties/ (retrieved 2026-08-07)
- Freddie Mac — Primary Mortgage Market Survey®, “Mortgage Rates Average 6.69%” (August 6, 2026) — https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-average-669 (retrieved 2026-08-07)
- WLRN (Redfin data) — “South Florida, Jacksonville housing markets lead nation in all-cash home purchases” (December 2025 data) — https://www.wlrn.org/business/2026-02-20/south-florida-jacksonville-housing-markets-lead-nation-in-all-cash-home-purchases (retrieved 2026-08-07)
Cibie Cahur is the founder and lead agent of The Cahur Group at Keller Williams Realty, serving Palm Beach and Martin County, Florida. A Top 1% Keller Williams agent from 2017 through 2024, she leads an eight-agent team and works with buyers and sellers in English, Spanish, and French. Reach the team at 561-401-5758.
Thinking about buying or selling in Palm Beach County this quarter? The Cahur Group tracks the market street by street and helps buyers and sellers price with confidence. Contact The Cahur Group or find out what your home is worth — call or text 561-401-5758.