Housing sale prices last year rose in five major South Florida cities year over year – Palm Beach, West Palm Beach, Boca Raton, Miami Beach and Coral Gables, according to data from Miller Samuel and Douglas Elliman.
Palm Beach recorded the highest median price growth of about 124 percent year over year. The median sales price in the fourth quarter was $5.6 million.
In all of those metros except Coral Gables, fewer homes traded hands. Palm beach saw the biggest drop, with 44 percent fewer sales in 2024 compared to the year before. Coral Gables notched 6 percent more sales during that time.
Fort Lauderdale’s median home price fell in 2024 year over year by 5.2 percent. In the fourth quarter, the median price tag was $502,500.
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