In May, there were 44 homes sold, with a median sale price of $2,275,000 - a 32.3 percent increase over the $1,720,000 median sale price for the same period of the previous year. There were 87 homes sold in Palm Beach in May 2021.
The median sales tax in Palm Beach for the most recent year with available data, 2018, was $12,466, approximately 0.5 percent of the median home sale price for May.
The following table compares Palm Beach to other Palm Beach County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palm Beach | 44 | 87 | -49.4 | $2,275,000 | $1,720,000 | 32.3 |
| Golf | 1 | 4 | -75 | $1,925,000 | $1,375,000 | 40 |
| Jupiter Inlet Colony | 2 | 0 | - | $1,886,000 | $0 | - |
| Manalapan | 1 | 1 | 0 | $1,849,999 | $2,400,000 | -22.9 |
| Tequesta (unincorporated) | 6 | 6 | 0 | $1,612,500 | $537,500 | 200 |
| Ocean Ridge | 7 | 11 | -36.4 | $1,550,000 | $319,000 | 385.9 |
| Highland Beach | 26 | 44 | -40.9 | $952,500 | $687,500 | 38.5 |
| North Palm Beach (unincorporated) | 4 | 9 | -55.6 | $845,000 | $2,278,752 | -62.9 |
| Tequesta | 17 | 24 | -29.2 | $735,000 | $418,250 | 75.7 |
| Jupiter (unincorporated) | 18 | 33 | -45.5 | $728,250 | $557,000 | 30.7 |
| Juno Beach | 19 | 28 | -32.1 | $702,000 | $602,000 | 16.6 |
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