33428
West Palm Beach, Florida

The 33428 ZIP code market has shifted decisively in favor of buyers, with the median sale price falling 17.3% year-over-year to $527,500 as of February 2026. Homes are averaging 91.5 days on market, suggesting slower absorption rates compared to recent years. Only 6% of properties are selling above asking price, a clear indicator that seller pricing power has evaporated and negotiations now trend toward concessions and price reductions before closing.

This environment favors patient buyers with financing secured and flexibility on closing timelines. The 91.5-day market cycle allows for thorough due diligence and multiple property evaluations without competitive pressure. Investors seeking cash-flowing rental properties may find discounted entry points, though the 17.3% decline requires careful analysis of whether prices have stabilized or will continue downward. Sellers face challenging conditions and should expect extended marketing periods and potential price adjustments.

The PropIQ score of 55 signals continued caution, indicating neither clear appreciation nor further sharp declines are imminent. The gap between the 6% above-list metric and longer days-on-market suggests price discovery is still underway. Buyers should monitor month-over-month inventory levels and absorption rates through Q2 2026 to identify stabilization signals before the market transitions from correction to equilibrium.