Mid-Town Housing Market Report January 2025•Palm Beach County, Florida

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Housing Prices in Mid-Town, FL

How much do homes in Mid-Town, FL cost?

Housing Market Conditions

Is Mid-Town, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Mid-Town is a Buyer's Market

Difference Since January 2024

Since last year, Mid-Town has remained a Buyer's Market.

Insight

Mid-Town is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$6,565,000$2,567/SqFt
+$2,590,000
+65.2%

Based on all homes sold in the last 12 months

Insight

Homes in Mid-Town have sold for 65.2% more than they did a year ago.

Summary: The median home sold price in Mid-Town was $6,565,000 in January 2025, up 65.2% from last year, and the median price per square foot was $2,567.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$1.7M$1.7M
-2.9%
2$3.0M$3.0M
-1.6%
3$7.5M$7.5M
0.3%
4$11.3M$11.2M
-1.3%
5$14.0M$26.4M
+88.9%

Summary: Mid-Town housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -2.9%. The home price for 2 bedroom homes decreased by -1.6%. The home price for 3 bedroom homes increased by 0.3%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes increased by +88.9%.

Housing supply in Mid-Town, FL

How many homes are available in Mid-Town, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
95Last MonthJan 2025
802 months agoDec 2024
+18.8 %
Change MoMDec – Jan

Summary: The Mid-Town real estate market had 95 homes for sale in Jan 2025, a 18.8 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthJan 2025
42 months agoDec 2024
+175.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
167
+16.7%
22531
+24.0%
32227
+22.7%
4911
+22.2%
51819
+5.6%

Summary: Mid-Town housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes increased by +24.0%. The inventory for 3 bedroom homes increased by +22.7%. The inventory for 4 bedroom homes increased by +22.2%. The inventory for 5 bedroom homes increased by +5.6%.

Asking Price vs. Sold Price

How much do homes in Mid-Town, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price10 Homes

Insight

If you're buying a home in Mid-Town, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Mid-Town in January 2025, up by 175.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and and 9% were sold over asking.

Days on Market for Mid-Town, FL

How long does it take to sell a home in Mid-Town, FL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days5 Homes

Insight

Most homes in Mid-Town are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 11 homes were sold in Mid-Town; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
156 DaysThis YearJan 2025
71 Days1 year agoJan 2024
+118.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Mid-Town had an average listing age of 156 days in Jan 2025, up by 118.6% compared to the previous year.

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Newest Listings in Mid-Town, FL

What homes are available in Mid-Town, FL?

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MLS Disclaimers and Copyright

Based on information from Beaches MLS, for the period 02/01/2023 - 02/01/2025

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.