Explore the Real Estate Scenes in West Palm Beach and Boca Raton

West Palm Beach and Boca Raton have emerged as particularly hot markets, attracting a mix of permanent residents and seasonal visitors. As we move deeper into 2024, let’s take a closer look at the evolving real estate landscapes in these South Florida hotspots.

West Palm Beach is a scenic coastal city across the Fort Worth Lagoon from Palm Beach. It is the largest city in Palm Beach County and an attractive option for those in search of a sun-soaked place to call home. West Palm Beach’s charming neighborhoods and busy districts, filled with an array of shops, restaurants, and bars, contribute to the city’s vibrant atmosphere. 

Home options in West Palm Beach remain relatively affordable, especially compared to the generally high living costs prevalent in Palm Beach County. According to Redfin, the median sale price for a home in West Palm Beach was $420,000 in January 2024, a 1.8% increase from the previous year that indicates a steady market. 

Buyers gravitate toward the enchanting neighborhoods in West Palm Beach. Located downtown, Rosemary Square, formerly known as CityPlace, is a mixed-use development offering a blend of restaurants, cafes, and picturesque architecture alongside residential spaces. For those seeking a quieter lifestyle, Spencer Lakes is a tranquil community with lovely homes and scenic parks, while Grandview Heights features historic Mediterranean revival-style homes, art centers, and high-end restaurants.

Boca Raton, another prominent city in Palm Beach County, boasts premier golf courses, sandy beaches, and a renowned arts scene. Catering to a broad demographic, including retirees, families, and young professionals, this coastal community entices buyers with its tax incentives and proximity to desirable job opportunities.

Although housing prices in Boca Raton tend to be on the higher side, Rocket Homes notes a recent drop in costs. The median sold price in February 2024 was $596,518, a 7.5% decrease from the previous year. While this price is still relatively high, this downward trend suggests that the Boca Raton market is gradually becoming more accessible to buyers.

Buyers have a multitude of charming neighborhoods in Boca Raton to consider. Boca West, with its private and country club-like setting, spans 1,400 acres, featuring parks, trails, renowned golf courses, and spacious homes. Boca Raton Square is a more affordable community with a central location and diverse housing options, including condos and townhouses. 

Love all that Florida has to offer buyers? Check out seven unique homes currently on the market across the state.