Best Value for Condo Buyers: Palm Beach County

Palm Beach County currently offers the best value for condo buyers among the major South Florida counties, based on recent sales data and market conditions:

• Buyer's Market with High Inventory: As of late 2024, Palm Beach County's condo and townhome inventory has nearly doubled compared to the previous year, creating a strong buyer's market. This surplus gives buyers more negotiating power and access to a wider range of properties.

• Stable and Affordable Median Prices: The median sale price for existing condos in Palm Beach County decreased 3.2% year-over-year to $305,000 in October 2024, making it more affordable than Miami-Dade and Collier counties, where luxury and new construction units often skew prices higher.

• Long-Term Appreciation: Despite recent price dips, Palm Beach County condos have appreciated 135–150% over the past decade, indicating strong long-term value and resilience for buyers looking for both affordability and investment potential.

• Diverse Price Points: The county offers a wide spectrum of options, from affordable units in the low $300,000s to luxury oceanfront properties, accommodating a broad range of buyers.

• Rising Price Per Square Foot Reflects Quality Demand: The average price per square foot in Boca Raton, a key Palm Beach County market, increased from $276 to $328 in October 2024, showing that buyers are willing to pay more for desirable locations and well-maintained buildings.

In summary, Palm Beach County stands out for its combination of affordability, high inventory, and strong long-term appreciation, providing the best overall value for condo buyers in South Florida right now.