33483
West Palm Beach, Florida

The 33483 ZIP code currently shows a median sale price of $1,125,000, reflecting a 7.1% year-over-year increase that outpaces typical inflation but suggests cooling momentum compared to recent market peaks. Homes are averaging 109 days on market, nearly double the velocity seen during 2021-2022 peak conditions, indicating reduced urgency among buyers. Only 7% of properties are selling above list price, signaling that bidding wars have largely evaporated and sellers hold diminished pricing power in negotiation scenarios.

This environment favors patient buyers with capital flexibility who can withstand the extended 109-day marketing period while negotiating below-ask transactions. The 93% of homes selling at or below list price creates meaningful leverage for purchasers willing to conduct thorough due diligence and submit strategic offers. Sellers with equity positions established before 2023 can still capture the 7.1% annual appreciation, but those requiring quick liquidity face headwinds given the three-plus month average absorption rate.

The PropIQ score of 65/100 suggests heightened caution as this market sits between equilibrium and potential softening. With days-on-market elevated and minimal above-ask sales, inventory absorption rates warrant close monitoring through Q2 2026 for signs of further deceleration. The 7.1% appreciation may compress if the current 109-day DOM extends beyond 120 days, particularly if mortgage rate fluctuations reduce the qualified buyer pool in this seven-figure price segment.