Nov. 2025 Palm Beach County Update

Palm Beach County Housing Market Update | November 2025

As we move into the holiday season, the Palm Beach County real estate market is doing what it typically does — slowing slightly, but not slipping.

Single-Family Homes: Seasonal Pause, Not a Decline

In October 2025, the average single-family home sold for about $643,000. In November, that number dipped to approximately $605,000. While that may sound like a big change month-to-month, it’s important to zoom out: in November 2024, the average price was around $600,000. Prices are still holding steady year over year.

Many sellers who were unwilling to adjust pricing have opted to temporarily remove their homes from the market for the holidays, which is keeping inventory in check.

Condos: Ongoing Softness

The condo market continues to be the slowest segment in Palm Beach County. Inventory remains elevated, and many units are sitting longer than single-family homes. This has been a consistent trend throughout 2025.

Interest Rates & Buyer Timing

Following the Federal Reserve’s recent quarter-point rate cut, mortgage rates briefly increased but have since settled around 6.2%. This is likely the lowest range buyers will see before the end of 2025, making the remaining weeks of the year an important window for those who are prepared.

Homestead Exemption: Important Deadline

If you purchased a home in 2025, be sure to apply for Florida’s Homestead Exemption by March 3rd. This exemption can reduce your taxable value by up to $50,000 and limits future tax increases to 3% annually.

What’s Next

As we close out 2025, expect a quieter market through the holidays, followed by renewed activity in early 2026. I’ll be sharing my housing predictions for 2026 in an upcoming update.

If you’re planning your next move, now is the time to talk strategy.

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Abbey Adair | Century 21 Realty Professionals
Palm Beach County REALTOR®