December 2024 Market Trends in Palm Beach County: Insights from Leah Ball & Co.

 As we embark on 2025, the Palm Beach County real estate market tells an intriguing story of evolving trends. December 2024 was marked by a significant shift into a buyer’s market, creating opportunities for both buyers and sellers. At Leah Ball & Co., we’re dedicated to equipping you with the knowledge and personalized guidance needed to navigate these trends with confidence.

Whether you’re seeking Avenir homes for sale, a condo for sale in Jupiter FL, or planning to sell your property in Palm Beach County, our service-first approach ensures a seamless and informed experience tailored to your real estate goals.

Market Recap: December 2024 Key Highlights

The December 2024 market data paints a picture of change, opportunity, and growth. Here’s what you need to know:

1. A Buyer’s Market Emerges
• Inventory Surge: Active listings in December increased by 40.2% year-over-year, offering buyers a broader range of options.
• Sales Decline: Closed sales dropped by 7.1% compared to December 2023 but were up 6% month-over-month
• Months of Inventory: At 10.1 months, inventory levels indicate a strong buyer’s market (50.8% higher than the previous year).
2. Rising Property Values
• The average sold price per square foot climbed to $595, a 20.7% increase from December 2023 and a 6.1% rise from November 2024.
• Median Sold Price: Up 13.7% year-over-year to $573,000, with consistent appreciation across six months.
3. Extended Days on Market
• Homes spent an average of 75 days on the market in December, up 36.4% from last year. This reflects a more deliberate buying process, typical of a buyer’s market.

​Tailored Insights for Buyers

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With expanded inventory and appreciating property values, buyers have the unique opportunity to explore a wider selection while benefiting from long-term value appreciation. As interest rates fluctuate, strategic planning is key.

Looking to buy? Explore Avenir homes for sale and explore the gorgeous modern homes of Panther National and other new construction opportunities on our New Construction Page. We’re here to help you find the perfect property in Palm Beach Gardens, Jupiter, Loxahatchee or Lake Worth Beach.

Tailored Insights for Sellers

For sellers, the current market dynamics may seem challenging, but opportunities still abound. Rising average sold prices (+32.9% year-over-year) signal that well-prepared properties can achieve impressive returns.

Curious about your home’s value or considering selling? Visit our Sell Your Home Page to learn how our strategic approach can help you get the most out of your property.

​Why Choose Leah Ball & Co.?

With over 22 years of real estate experience, I am committed to a service-first approach that prioritizes your unique needs. From tailored consultations to market-savvy strategies, my goal is to simplify your real estate journey. At Leah Ball & Co., you’re not just a client; you’re a partner in success.

For more information, check out our Buy a Home Page for tailored advice on purchasing your dream home.

Conclusion: Your Next Move Awaits

The Palm Beach County real estate market is full of opportunities, whether you’re looking to buy, sell, or invest. Let’s discuss your goals and create a customized plan for success in 2025.

Contact Leah Ball today at 561-576-6110 or email connect@leahspropertyshop.com to schedule your consultation.

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