Is Boynton Beach-Delray Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Beach-Delray Beach is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Boynton Beach-Delray Beach was a Seller's Market.

Key Takeaway

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

How much do homes in Boynton Beach-Delray Beach, FL cost?

Median Sold Price

$365,278

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$69,478(+23.5%)

Key Takeaway

Homes in Boynton Beach-Delray Beach have sold for 23.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $105K$140.2K
+33.6%
2 $208.1K$273.9K
+31.6%
3 $380K$475K
+25.0%
4 $558.9K$660K
+18.1%
5+ $729.8K$1.0M
+40.1%

Median Sold Price Compared To Nearby Cities

Boynton Beach-Delray Beach
+23.5%
Boynton Beach
+23.2%
Delray Beach
+13.4%

How many homes are available in Boynton Beach-Delray Beach, FL?

Number of Homes For Sale

Dec 2022Jan 2023%
2,5222,873+13.9%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 221242
+9.5%
2 1,0521,272
+20.9%
3 888981
+10.5%
4 250254
+1.6%
5+ 111124
+11.7%

Number of Homes Sold

Dec 2022Jan 2023%
486318-34.6%

Asking Price vs. Sold Price

245 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boynton Beach-Delray Beach, you may be able to get a good deal. 77% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
23 Days45 Days+88.4%

Breakdown of Home Sale Times

156 Homes Were Sold
Under 30 Days

115 Homes Were Sold
In 30 - 90 Days

47 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boynton Beach-Delray Beach are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Boynton Beach-Delray Beach, FL

Number of homes for sale in Boynton Beach-Delray Beach, FL real estate market have reached 2,873. The inventory of homes for sale in Boynton Beach-Delray Beach, FL between December 2022 and January 2023 increased by 13.9%. Listings spent 45 days on the market in January 2023, and had a median list price of $365,278 during the same period. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties became 33.6% more expensive, the cost of 2 bedrooms properties went up by 31.6%, prices of 3 bedrooms properties went up by 25%, prices of 4 bedrooms properties went up by 18.1%, prices of 5 bedrooms properties increased by 40.1%. This housing market inventory have changed: volume of 1 bedroom homes went up by 9.5%, 2 bedrooms homes inventory increased by 20.9%, the quantity of 3 bedrooms homes went up by 10.5%, 4 bedrooms homes inventory increased by 1.6%, 5 bedrooms homes inventory increased by 11.7%. Boynton Beach-Delray Beach, FL housing market in January 2023 saw over 26 listings sold above listed price, more than 47 sold at listed price and over 245 sold below.

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