33408 (West Palm Beach)
Housing Market & Home Values
Median sale price $450,000, down 1.8% year over year, with homes going under contract in about 49 days, 19 homes on the market.
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Housing Market Analyst
Inventory sits at 3.1 months of supply — balanced by the 3-to-6-month balanced benchmark, and 22% of listed homes are already under contract. Prices are down 1.8% versus the prior year, but sellers are still collecting 93.5% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Prices — more likely to stabilize than fall sharply. Supply remains below balanced levels even as prices soften; without a meaningful inventory build, further declines tend to be shallow.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 22% of inventory sits under contract.
- Mortgage sensitivity — at 5.8× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 33408 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where 33408 is hot — and where it isn't
Each dot is a community (15 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 33408 (West Palm Beach)
The median sale price across 33408 currently stands at $450,000, down 1.8% from a year ago. Buyers are paying a median of $282 per square foot. The typical home goes under contract in about 49 days. Sellers are capturing 93.5% of their original asking price on average.
There are 19 active listings on the market, with 5 more already under contract. At the current sales pace that works out to 3.1 months of supply — a seller-leaning market by the standard six-month benchmark. 100 homes closed here over the trailing 12 months.
Zillow's home value index for Palm Beach County stands at $474,416. About 21% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 33408 is 56 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of October 3, 2026.
33408 since 2012 — and where it’s heading
A median home here sold for $145,284 in 2012 and $604,864 over the last recorded year — 316% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (2,818 recorded sales)
Days on market by year
Home value trend · Palm Beach County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Palm Beach County (MLS)
Median price · daily recalculation
What’s driving 33408
Top inbound states: NY, NJ, MA, CA. Movers arriving report ~$177,212 average income. Source: IRS SOI county-to-county migration, 2022-2023
18,387 Citizens policies in force in Palm Beach County — the state-backed insurer of last resort. Budget insurance into any Palm Beach purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
2,495 single-family · 1,733 multi-family · 2.8 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Palm Beach
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 33408 ← this page | $450K | 19 | 56 | |
| 33446 | $392K | 212 | 50 | Open → |
| 33433 | $470K | 200 | 52 | Open → |
| 33435 | $298K | 198 | 40 | Open → |
| 33418 | $850K | 188 | 65 | Open → |
| 33484 | $175K | 186 | 43 | Open → |
Neighborhoods on the move
| Country Club VillageBoca Raton | $780K | ▲ 16% |
| Parkway VillageWest Palm Beach | $337K | ▲ 4% |
| Glenwood TwnhsPalm Beach Gardens | $380K | ▲ 0% |
| Sandalwood EstatesPalm Beach Gardens | $330K | ▲ -3% |
| Palm Beach SquarePalm Beach Gardens | $450K | ▲ -6% |
| BAY COLONY CLUBFort Lauderdale | $275K | ▼ 24% |
| Lake ColonyWest Palm Beach | $268K | ▼ 9% |
| Palm Beach SquarePalm Beach Gardens | $450K | ▼ 6% |
| Sandalwood EstatesPalm Beach Gardens | $330K | ▼ 3% |
| Glenwood TwnhsPalm Beach Gardens | $380K | ▼ 0% |
| Palm Beach SquarePalm Beach Gardens | $450K | 6 |
| Glenwood TwnhsPalm Beach Gardens | $380K | 5 |
| BAY COLONY CLUBFort Lauderdale | $275K | 3 |
| Briger Pars G, H And JWest Palm Beach | $450K | 1 |
| North Palm BeachWest Palm Beach | $726K | 1 |
| Parkway VillageWest Palm Beach | $337K | 17 days |
| Lake ColonyWest Palm Beach | $268K | 24 days |
| Glenwood TwnhsPalm Beach Gardens | $380K | 39 days |
| Palm Beach SquarePalm Beach Gardens | $450K | 40 days |
| Country Club VillageBoca Raton | $780K | 40 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 33408 right now?
The data says conditions currently favor neither side decisively in 33408 — the Momentum Score reads 56/100 with 3.1 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 33408 becoming more affordable?
Yes, modestly — the median sale price in 33408 is $450,000, down 1.8% versus the prior year, while sellers still capture 93.5% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 33408?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are BAY COLONY CLUB (-24%); Lake Colony (-9%); Palm Beach Square (-6%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 33408 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Parkway Village (17 days); Lake Colony (24 days); Glenwood Twnhs (39 days) — homes there go under contract well ahead of the market-wide pace of 49 days.
33408 (West Palm Beach) housing market FAQ
How is the housing market in 33408 right now?
As of October 3, 2026, the 33408 housing market is roughly balanced: the median sale price is $450,000 (down 1.8% year over year), 19 homes are for sale against 100 sales in the last 12 months, which is 3.1 months of supply, and the typical home goes under contract in about 49 days.
How much is a house in 33408?
The median home sold for $450,000 in 33408 over the last 12 months, about $282 per square foot; asking prices on the 19 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 33408?
By the numbers, sellers in 33408 are getting 93.5% of asking price and going under contract in about 49 days with 3.1 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 33408 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 33408 median sale prices are down 1.8% year over year, inventory stands at 3.1 months of supply, and 22% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 33408?
The median sale price in 33408 is currently $450,000, down 1.8% from a year ago, based on MLS sales data updated October 3, 2026.
Is 33408 a buyer's or seller's market right now?
The data currently is roughly balanced. 33408 scores 56 of 100 on the Momentum Score, with 3.1 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 33408?
The typical home in 33408 goes under contract in about 49 days, per current MLS data.
How many homes are for sale in 33408?
There are approximately 19 active listings in 33408 as of October 3, 2026.
Are home prices in 33408 rising or falling?
Median sale prices are down 1.8% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 33408 (West Palm Beach). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: October 3, 2026 at 11:31 AM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.