LuxuryDade tracks the Town of Palm Beach, the barrier island in Palm Beach County, as its own market. Per the Redfin Data Center, the median home sold on the island from June to August 2026 went for $2,848,115, up 13.1 percent from a year earlier, across 104 sales, with 328 active listings and a median 148 days on market. Houses and condos run on separate tracks: the single-family median was $12,492,679, the condo and co-op median $1,629,506.
This guide covers the Town of Palm Beach itself, the island municipality, not Palm Beach County as a whole and not West Palm Beach, which is a separate city on the mainland across the lagoon (see our West Palm Beach guide). The island sits in Palm Beach County, north of Broward, and its market runs on its own cycle rather than Miami-Dade's. Most people searching for Palm Beach homes for sale mean this island: estate houses, a stock of older condos and co-ops, and very little new supply.
Palm Beach Home Prices in 2026: The Redfin Numbers
Per the Redfin Data Center city dataset (updated September 3, 2026), the Town of Palm Beach recorded 104 home sales across all home types in the three months from June 1 to August 31, 2026, almost double the 52 sales of the same window in 2025. The median sale price was $2,848,115, up 13.1 percent year over year, at a median $1,380.87 per square foot.
| Metric | Jun to Aug 2026 | Mar to May 2026 | Jun to Aug 2025 |
|---|---|---|---|
| Homes sold (all home types) | 104 | 177 | 52 |
| Median sale price | $2,848,115 | $2,600,000 | $2,518,750 |
| Median sale price, change vs prior year | Up 13.1% | Down 22.4% | Down 0.3% |
| Median price per square foot | $1,380.87 | $1,500.53 | $1,317.52 |
| Median days on market | 148 | 112 | 181 |
| Average sale-to-list ratio | 92.2% | 91.9% | 89.3% |
| Active listings | 328 | 451 | 393 |
| Months of supply | 5.8 | 4.4 | 14.1 |
Source: Redfin Data Center, city housing market data for Palm Beach, FL, rolling three-month periods. These are Redfin aggregates for every home type inside the town limits, not Palm Beach County figures.
Three readings matter. First, activity roughly doubled while active listings fell 16.4 percent year over year to 328, and months of supply dropped from 14.1 to 5.8. Second, there is still negotiating room: an average sale-to-list ratio of 92.2 percent means the typical home closed about 8 percent under its asking price. Third, the sample is small. With about a hundred sales a quarter, a handful of estate closings moves the median, which is why the spring window showed a 22.4 percent decline and the summer window a 13.1 percent gain. Read the trend across several windows, not one headline number.
Houses vs Condos: Two Different Palm Beach Markets
The all-types median hides the real structure of the island. Per the same Redfin Data Center property-type file, the two main segments moved in opposite directions this summer.
| Jun to Aug 2026 | Single-family houses | Condos and co-ops |
|---|---|---|
| Homes sold | 32 | 68 |
| Median sale price | $12,492,679 | $1,629,506 |
| Change vs prior year | Up 8.6% | Down 3.6% |
| Median price per square foot | $3,246.81 | $1,058.60 |
| Median days on market | 134 | 150 |
| Active listings | 81 | 234 |
| Months of supply | 5.2 | 6.0 |
Source: Redfin Data Center, property-type housing market data for Palm Beach, FL, June 1 to August 31, 2026. Four townhouse sales at a $9,000,599 median complete the 104 total.
"Palm Beach is the cleanest example of the two-speed market I describe to every buyer. The island's houses are the trophy product, and their median rose 8.6 percent this summer while the condo and co-op median slipped 3.6 percent. So I never answer the question of whether Palm Beach is expensive right now with one number. A buyer weighing an older co-op against a house is shopping in two different markets that happen to share one island."Gerardo Gonzalez, Licensed Agent at Compass
The practical consequence: a condo or co-op buyer has more inventory, 234 active listings against 81 houses, and a median that is not rising, so there is room to be selective on building, reserves and board rules. A house buyer is competing for a thin supply at over $3,200 a square foot, where the land under the house often carries most of the value.
What Sold: The Deals That Set the Island Market
Recorded prices tell you what the top of this market will actually pay. Per the Palm Beach Daily News, 10 residential deals in the Town of Palm Beach closed at recorded prices of $36 million or more on deeds recorded between October 1, 2025 and April 30, 2026. The sales reported since then show the same pattern:
- May 2026: a lakeside house on Everglades Island sold off-market for $93.34 million, per Palm Beach Daily News reporting.
- August 2026: a rebuilt landmark home in Phipps Plaza brought more than $27 million, per the Palm Beach Daily News.
- August 2026: a lakefront house south of Mar-a-Lago sold for $26.5 million, after selling for $1.7 million in 2005, per the Palm Beach Daily News.
- August 2026: a landmarked house inside the Mar-a-Lago security zone brought $12.5 million, per the Palm Beach Daily News.
- September 2026: a house by the bridge to Everglades Island brought $40 million, per the Palm Beach Daily News.
- September 2026: a vacant lot on Wells Road near the North End fetched $19.9 million, per the Palm Beach Daily News.
The Wells Road sale is the one I would point a first-time Palm Beach buyer to. Nearly $20 million for land with no house on it says that on this island the lot is the asset and the house is often a depreciating layer on top. It is also why two landmarked houses on this list matter: when the structure is protected, you cannot treat the lot as a blank slate.
Landmarks, ARCOM and What You Can Build
Buying on the island means buying into its review process. Per the Town of Palm Beach Landmarks Manual, new construction and exterior changes go before the Architectural Commission, known as ARCOM, while designated historic landmarks are governed by the Landmarks Preservation Commission. Per the Town's development review calendar, residential applications follow the ARCOM or Landmarks timeline, and Town Council review happens at the meeting after that approval. The Town's Planning, Zoning and Development Review department publishes the application checklists and meeting schedules.
The advice I keep repeating to buyers here is to price the approval calendar the same way you price the house. A renovation or rebuild that needs ARCOM, and possibly Landmarks and Town Council, adds months of carrying costs, insurance and design fees before any construction starts. Before signing a contract on an older house, confirm whether it is a designated landmark and what the last approved plans for the lot were. That single check changes what the property is worth to you.
New Construction and Pre-Construction Near the Island
LuxuryDade does not currently track a pre-construction condo tower on the island itself. New supply in the town arrives one house at a time, through spec houses and rebuilds that pass ARCOM review. The new towers are across the lagoon in West Palm Beach, where Flagler Drive faces the island: South Flagler House, Edgeworth, Olara and Shorecrest, plus The Berkeley on the South Florida projects list. Those are West Palm Beach addresses, not Palm Beach ones, and they trade at a different price per square foot. Further south, Boca Raton is the other Palm Beach County market we cover in depth.
How to Check a Palm Beach Price Yourself
- Pull the deed and sale history for the exact parcel on the Palm Beach County Property Appraiser site. Recorded prices, not asking prices, are the comparables that matter.
- Compare against the right segment. Use the house median or the condo and co-op median from the Redfin Data Center, not the all-types median, which mixes $1.6 million apartments with $12 million houses.
- Check landmark status and prior approvals with the Town's Planning, Zoning and Development Review department before you price a renovation.
- For a condo or co-op, read the reserve study, the milestone inspection report and the board's rules on financing, leasing and renovation before you make an offer.
Key Takeaways
- The Town of Palm Beach recorded 104 home sales from June to August 2026 at a median $2,848,115, up 13.1 percent year over year, per the Redfin Data Center.
- Houses and condos are separate markets: the single-family median was $12,492,679, up 8.6 percent, while the condo and co-op median was $1,629,506, down 3.6 percent.
- Supply tightened: active listings fell 16.4 percent to 328 and months of supply dropped from 14.1 to 5.8, but the average home still closed at 92.2 percent of list price.
- Ten residential deals recorded at $36 million or more between October 2025 and April 2026, per the Palm Beach Daily News, and a vacant Wells Road lot sold for $19.9 million in September 2026.
- New construction on the island goes through ARCOM, and designated landmarks through the Landmarks Preservation Commission. My advice is to price that approval calendar before you price the renovation.
Quick Facts: Palm Beach Homes
| Municipality | Town of Palm Beach, Palm Beach County |
| Median sale price, Jun to Aug 2026 | $2,848,115, up 13.1% |
| Homes sold, Jun to Aug 2026 | 104 |
| Single-family median | $12,492,679 |
| Condo and co-op median | $1,629,506 |
| Active listings | 328 |
| Median days on market | 148 |
| Design review | ARCOM and Landmarks Preservation Commission |
Frequently Asked Questions
What is the median home price in Palm Beach in 2026?
Per the Redfin Data Center, the median sale price in the Town of Palm Beach was $2,848,115 for June to August 2026, up 13.1 percent from the same months of 2025, across 104 sales of all home types. Houses sold at a $12,492,679 median and condos and co-ops at $1,629,506.
What is the difference between Palm Beach and West Palm Beach?
They are separate municipalities in Palm Beach County divided by the Lake Worth Lagoon. The Town of Palm Beach is the barrier island of estates and older condos with almost no new supply. West Palm Beach is the mainland city and county seat, where the new condo towers along Flagler Drive are being built.
How do I check what a Palm Beach house really sold for?
Look up the parcel on the Palm Beach County Property Appraiser site for the recorded sale history, then compare it with the Redfin median for the same property type. Journalists at the Palm Beach Daily News also report recorded prices on the island's larger sales.
Is 2026 a good time to buy a home on Palm Beach island?
It depends on the segment, which is my standard answer in a two-speed market. The single-family median rose 8.6 percent this summer with only 81 houses listed, while the condo and co-op median fell 3.6 percent with 234 listed. Condo buyers have more choice and leverage; house buyers are competing for thin supply.
Can I renovate or tear down a landmarked house in Palm Beach?
Designated landmarks are governed by the Town's Landmarks Preservation Commission rather than ARCOM, per the Town of Palm Beach Landmarks Manual, so changes to a landmarked house go through that separate review. Confirm designation status and any prior approvals with the Town before you sign a contract.
Are there new pre-construction condos on Palm Beach island in 2026?
LuxuryDade does not currently track a pre-construction condo tower on the island; new supply there comes one house at a time. The nearest new towers are across the lagoon in West Palm Beach, including South Flagler House and Edgeworth on Flagler Drive.
Palm Beach Real Estate: Expert Q&A
About the author: Gerardo Gonzalez is a licensed real estate agent with Compass in Miami, focused on South Florida luxury pre-construction and waterfront resale across Miami-Dade, Broward, and Palm Beach counties. For this guide he read the Redfin city and property-type files for the Town of Palm Beach and the Town's own review documents. Last verified September 26, 2026.
Related guides: West Palm Beach · Boca Raton · South Flagler House · Edgeworth · All neighborhoods
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