Lake Worth Condo Market Update – July 2026

If you are considering buying or selling a condominium in Lake Worth, understanding current market conditions is an important step toward making an informed real estate decision. Condominium buyers and sellers must evaluate not only the individual unit, but also the financial position, physical condition, governing documents, and future plans of the condominium association.

I’m Tom Dunphy Realtor, a licensed Florida real estate sales associate with Fulton Grace Realty. I am also Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, owner of APPRAIS.

Through TomDunphySellsRealEstate.com, I publish local market updates combining current MLS statistics with professional insight developed through more than 28 years as a Certified Residential Appraiser and approximately 19,000 completed residential appraisals.

Lake Worth Condominium Market Overview

The Lake Worth condominium market remained generally stable as of July 2026, with mixed indicators.

The total number of settled sales increased during the current six months when compared with the prior seven-to-twelve-month period. There were 179 settled sales during the current six months, consisting of 98 sales during the prior four-to-six-month period and 81 sales during the current three-month period. This represents an increase of 40 sales compared with the 139 sales reported during the prior seven-to-twelve-month period.

Although the six-month total increased, settled sales declined from 98 during the prior four-to-six-month period to 81 during the current three-month period.

The absorption rate followed a similar pattern. It measured 23.17 sales per month during the prior seven-to-twelve-month period, increased to 32.67 sales per month during the prior four-to-six-month period, and then declined to 27.00 sales per month during the current three-month period.

The current absorption rate remains above the pace reported during the earlier seven-to-twelve-month period, although buyer activity slowed when the current three months is compared with the preceding three months.

Active condominium inventory increased throughout the reporting periods. The number of active listings increased from 151 during the prior seven-to-twelve-month period to 202 during the prior four-to-six-month period and 266 during the current three-month period.

As a result, months of housing supply increased to approximately 9.85 months, compared with 6.18 months during the prior four-to-six-month period and 6.52 months during the prior seven-to-twelve-month period.

Median sale prices remained generally stable while increasing during each reporting period. The median condominium sale price measured:

  • $130,000 during the prior seven-to-twelve-month period

  • $134,000 during the prior four-to-six-month period

  • $139,000 during the current three-month period

Median listing prices also increased, reaching $156,500 during the current three-month period, compared with $141,750 during the prior four-to-six-month period and $140,000 during the prior seven-to-twelve-month period.

The increase in asking prices, combined with the growth in active inventory and months of housing supply, may be contributing to the additional competition among available units.

Median marketing time measured 82 days during the current three-month period, compared with 57 days during the prior four-to-six-month period and 105 days during the prior seven-to-twelve-month period.

Condominium units continued to sell at approximately 100% of their reported list prices. No foreclosure or short-sale activity was reported in the Lake Worth condominium market during the twelve months ending July 31, 2026.

Overall exposure and marketing periods are generally estimated at three to six months, depending on unit condition, association fees, community amenities, building finances, location, asking price, and competing inventory.

Appraiser’s Perspective – Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, APPRAIS

From an appraiser’s perspective, the Lake Worth condominium market is best described as stable overall with mixed indicators.

Settled sales and the monthly absorption rate improved when the current six-month period is compared with the prior seven-to-twelve-month period. Median sale prices also increased during each reporting period.

However, settled sales and the absorption rate declined during the current three months when compared with the prior four-to-six-month period. Active listings increased to 266, while months of housing supply increased to approximately 9.85 months.

The current median marketing time of 82 days indicates that condominium units are typically requiring nearly three months of market exposure. The simultaneous increase in listing prices, active inventory, and months of housing supply should be monitored because buyers now have additional competing units from which to choose.

Condominium analysis must also extend beyond the individual unit. Association fees, reserves, pending repairs, special assessments, building age, parking, amenities, unit condition, renovations, financing availability, and recent sales within the project can all influence marketability and value.

Tom the Realtor’s Perspective – Tom Dunphy Realtor (Fulton Grace Realty)

The current Lake Worth condominium market provides buyers with additional selection and time to compare available units. However, that time should be used to complete careful due diligence on both the unit and the condominium association.

For sellers, the increase in active listings means that accurate pricing, professional presentation, complete condominium information, and a comprehensive marketing strategy are essential.

Whether I am representing a buyer or seller, my approach begins with the market evidence and then examines the characteristics of the individual unit and condominium project.

What This Means for Lake Worth Condominium Buyers

The first step for a condominium buyer is confirming financing and purchasing capacity.

Condominium financing involves both borrower approval and project eligibility. A buyer may qualify financially while the selected condominium project does not meet the requirements of the lender or loan program. Financing should therefore be reviewed early in the process.

Once we identify the communities and units that fit your needs, we would evaluate both the individual condominium and the association.

The review may include:

  • Recent comparable sales within the project

  • Competing units currently offered for sale

  • Monthly condominium fees and what those fees include

  • Current and planned special assessments

  • Whether an existing assessment has been paid

  • Whether any remaining assessment obligation may transfer with the sale

  • Association budgets and financial statements

  • Reserve funding

  • Building insurance and applicable deductibles

  • Pending repairs or capital improvement projects

  • Milestone inspection information, when applicable

  • Structural Integrity Reserve Study information, when applicable

  • Pending litigation

  • Rental and occupancy restrictions

  • Pet restrictions

  • Parking and storage arrangements

  • Renovation restrictions

  • Recent board and association meeting minutes

  • Unit condition, renovations, permits, and needed repairs

Florida condominium buyers should understand that a milestone inspection and a Structural Integrity Reserve Study are separate forms of review. When applicable, these records may provide important information concerning the building’s physical condition, anticipated repairs, and reserve planning.

The Florida Department of Business and Professional Regulation provides additional information concerning milestone inspections and Structural Integrity Reserve Studies.

Buyers should also consult appropriate legal, lending, insurance, inspection, and financial professionals when reviewing condominium documents and obligations.

After completing the necessary due diligence, we can develop a competitive offer based on:

  • The condition and features of the individual unit

  • Recent comparable sales

  • Competing active listings

  • Current market conditions

  • Association finances and reserves

  • Special assessment obligations

  • Needed repairs or renovations

  • Financing considerations

  • The seller’s asking price and transaction terms

The current median marketing time of 82 days suggests that buyers may have time to compare options and complete their research. However, individual units may sell more quickly depending on pricing, condition, renovations, view, location within the project, and community competition.

The objective is to understand the entire purchase—not just the unit—before making a commitment.

What This Means for Lake Worth Condominium Sellers

For Lake Worth condominium sellers, pricing and marketing remain central to attracting qualified buyers.

With 266 active listings and approximately 9.85 months of housing supply during the current reporting period, buyers have more units to compare. An asking price should be supported by recent sales within the project together with competing active listings.

The pricing analysis should consider:

  • Unit condition

  • Renovations and updates

  • Living area

  • Floor level

  • View

  • Parking and storage

  • Location within the building or community

  • Monthly association fees

  • Community amenities

  • Building age

  • Assessment obligations

  • Recent sales within the project

  • Competing units currently offered for sale

Before placing the unit on the market, I would also want to understand:

  • Whether a special assessment is currently due

  • Whether the seller has paid the assessment

  • Whether any remaining obligation may transfer with the sale

  • Whether additional assessments or capital projects are being discussed

  • The status of the association’s reserves

  • Whether applicable milestone inspection documentation is available

  • Whether applicable Structural Integrity Reserve Study documentation is available

  • Whether the association has pending litigation

  • Whether there are building insurance matters that may affect financing

  • Which condominium documents must be provided to prospective buyers

  • Whether the association restricts open houses, signs, photography, access, or other marketing activities

Addressing these questions before the unit enters the market can reduce delays after an offer is received. It can also help prospective buyers, lenders, inspectors, attorneys, insurance professionals, and title representatives evaluate the transaction.

Marketing a Lake Worth Condominium

My marketing strategy would be tailored to the individual unit, condominium project, likely buyer profile, association rules, and competing inventory.

The marketing plan may include:

  • A pricing analysis supported by recent comparable sales

  • Review of competing active listings

  • Preparation and staging recommendations

  • Professional photography

  • Detailed property descriptions emphasizing the unit, community, amenities, and location

  • Placement in the Multiple Listing Service

  • Exposure through TomDunphySellsRealEstate.com

  • Distribution through Fulton Grace Realty

  • Social media promotion

  • Direct communication with cooperating real estate professionals

  • Outreach to local and relocating buyers

  • Open houses when permitted by the condominium association

  • Continued monitoring of competing listings and market activity

  • Review of showing activity and buyer response

  • Pricing and marketing adjustments when supported by market evidence

The objective is not simply to place the unit online. The objective is to position it accurately, present it professionally, provide relevant condominium information, and reach buyers whose needs match the property and community.

Why Professional Market Analysis Matters

Every Lake Worth condominium community is different. Two units with similar living areas may experience different market reactions because of:

  • Building age

  • Unit condition

  • Renovations

  • View

  • Floor level

  • Parking

  • Storage

  • Association fees

  • Reserve funding

  • Community amenities

  • Special assessments

  • Insurance considerations

  • Financing availability

  • Project-specific sales activity

As Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, owner of APPRAIS, I analyze these factors while completing residential appraisal assignments throughout Palm Beach, Martin, and St. Lucie Counties.

As Tom Dunphy Realtor with Fulton Grace Realty, I bring that valuation background to buyers and sellers while providing real estate representation.

This combination helps my clients understand both the individual property and the broader market evidence affecting their real estate decisions.

Explore More Palm Beach County and Treasure Coast Market Updates

If you are researching communities throughout Palm Beach County and the Treasure Coast, you may also find these market reports helpful:

  • Lake Worth Detached Home Market Update

  • Lantana Detached Home Market Update

  • Lantana Condo Market Update

  • Greenacres Detached Home Market Update

  • Greenacres Condo Market Update

  • Wellington Detached Home Market Update

  • Wellington Condo Market Update

  • West Palm Beach Detached Home Market Update

  • West Palm Beach Condo Market Update

  • Palm Beach Gardens Detached Home Market Update

  • Palm Beach Gardens Condo Market Update

  • North Palm Beach Detached Home Market Update

  • North Palm Beach Condo Market Update

  • Juno Beach Detached Home Market Update

  • Juno Beach Condo Market Update

  • Jupiter Detached Home Market Update

  • Tequesta Detached Home Market Update

  • Hobe Sound Detached Home Market Update

  • Fort Pierce Detached Home Market Update

  • Fort Pierce Condo Market Update

  • Port St. Lucie Detached Home Market Update

  • Port St. Lucie Condo Market Update

  • Hutchinson Island Detached Home Market Update

  • Hutchinson Island Condo Market Update

  • Coral Gables Detached Home Market Update

Each report combines current MLS market statistics with professional valuation insight from Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, and real estate guidance from Tom Dunphy Realtor with Fulton Grace Realty.

Together, these reports help buyers, sellers, homeowners, and investors understand changing real estate conditions throughout Palm Beach County, the Treasure Coast, and other Florida markets.

Contact Tom Dunphy Realtor

If you are considering buying or selling a condominium in Lake Worth, I would be pleased to discuss current market conditions, condominium due diligence, pricing, and marketing strategy with you.

Tom Dunphy Realtor
Licensed Florida Real Estate Sales Associate
Fulton Grace Realty

THE APPRAISER’S EDGE. THE RELOCATOR’S INSIGHT.

Visit TomDunphySellsRealEstate.com for additional market updates covering Lake Worth, Lantana, Greenacres, Wellington, West Palm Beach, Palm Beach Gardens, North Palm Beach, Juno Beach, Jupiter, Tequesta, Hobe Sound, Stuart, Palm City, Jensen Beach, Port St. Lucie, Fort Pierce, Hutchinson Island, Coral Gables, and other Florida communities.

Disclaimer

This market update is provided for general informational purposes only and is based on MLS data available as of July 31, 2026. Market conditions, property availability, association finances, insurance requirements, lending standards, condominium documents, assessments, and applicable laws may change.

The information presented is not a real estate appraisal, legal opinion, tax opinion, insurance opinion, engineering report, home inspection, financial advice, or guarantee of future market activity or property value. Buyers and sellers should independently verify information concerning an individual property or condominium association and consult qualified legal, lending, insurance, inspection, engineering, tax, and financial professionals when appropriate.

Real estate brokerage services provided by Tom Dunphy Realtor with Fulton Grace Realty are separate from appraisal services provided by Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, APPRAIS. Any appraisal service would require a separate engagement and defined scope of work.