Is West Palm Beach, FL 33406 a buyer’s or seller’s market?
West Palm Beach is a seller’s market. With about 3.9 months of supply and 19% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 25% of U.S. ZIP codes, and #199 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The West Palm Beach housing market right now
In the three months ending August 31, 2026, 19% of homes in West Palm Beach, FL 33406 sold above their list price, the typical home went under contract in 100 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold more slowly (65 days then) and the median sale price fell 29% to $341,602. Overall, West Palm Beach is less competitive than a year ago, which gives buyers more room.
Within Palm Beach County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 98%. On our competition score, West Palm Beach ranks #199 of 796 FL ZIP codes with enough sales (score 29 out of 100).
Nearby, buyers who want less competition could look at Pahokee 33476 (0% sold over asking) or Boca Raton 33432 (0% sold over asking), while South Bay 33493 (25% sold over asking) is even more competitive.
Run the numbers for 33406
Nearby markets
Belle Glade 33430Buyer’s market $225 /sq ftBoca Raton 33428Balanced $312 /sq ftBoca Raton 33431Balanced $427 /sq ftBoca Raton 33432Buyer’s market $856 /sq ft Browse all markets →Towns like West Palm Beach nearby
Find towns like West Palm Beach in other states →Where West Palm Beach is
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Questions about West Palm Beach real estate
Is West Palm Beach a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in West Palm Beach, FL 33406 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in West Palm Beach?
The typical home went under contract in 100 days in the latest three months.
Do homes in West Palm Beach sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in West Palm Beach?
About 0.86% of a home’s value a year in Palm Beach County, or roughly $3,440 on a $400,000 home.
What is the median home price in West Palm Beach?
The median sale price was $341,602 in the three months ending August 31, 2026, about $259 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology