Is Delray Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Delray Beach was a Seller's Market.
Housing Prices in Delray Beach, FL
How much do homes in Delray Beach, FL cost?
Median Sold Price
$355,300
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Delray Beach was $355,300 in May 2024, down 3.1% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.5K | $149.8K | -0.5% |
2 Bedrooms | $270K | $259.1K | -4.0% |
3 Bedrooms | $626.3K | $619.6K | -1.1% |
4 Bedrooms | $1.2M | $1.2M | -0.8% |
5+ Bedrooms | $1.8M | $2.2M | +21.6% |
Summary: Delray Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Boynton Beach | $382.4K | $411.6K | +7.6% |
Boynton Beach-Delray Beach | $375.7K | $391.3K | +4.1% |
Highland Beach | $915K | $925K | +1.1% |
Delray Beach | $366.8K | $355.3K | -3.1% |
Gulf Stream | $8.3M | $3.1M | -62.3% |
Housing Supply in Delray Beach, FL
How many homes are available in Delray Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,971 | 2,010 | +2.0% |
Summary: The Delray Beach real estate market had 2,010 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 252 | 262 | +4.0% |
2 Bedrooms | 1,022 | 1,058 | +3.5% |
3 Bedrooms | 424 | 416 | -1.9% |
4 Bedrooms | 149 | 149 | 0.0% |
5+ Bedrooms | 124 | 125 | +0.8% |
Summary: The Delray Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
301 | 257 | -14.6% |
Asking Price vs. Sold Price
214 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 257 homes were sold or pending in Delray Beach in May 2024, down by 14.6% month-over-month. Of the 257 sold homes, 83% were sold under asking, 14% were sold at asking, and 3% were sold over asking.
Days on Market for Delray Beach, FL
How long does it take to sell a home in Delray Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 64 Days | +39.2% |
Summary: Homes in Delray Beach had an average of 64 days on market in May 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
75 Homes Were Sold
Over 90 Days
Summary: During May 2024, 257 homes were sold in Delray Beach; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.