Is Boynton Beach-Delray Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Boynton Beach-Delray Beach, FL
How much do homes in Boynton Beach-Delray Beach, FL cost?
Median Sold Price
$395,597
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Boynton Beach-Delray Beach have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Boynton Beach-Delray Beach was $395,597 in June 2024, up 5.2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.6K | $155K | +5.0% |
| 2 Bedrooms | $280K | $284.6K | +1.6% |
| 3 Bedrooms | $475K | $489.7K | +3.1% |
| 4 Bedrooms | $680K | $705K | +3.7% |
| 5+ Bedrooms | $915K | $1.1M | +24.6% |
Summary: Boynton Beach-Delray Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Boynton Beach | $383.8K | $414.8K | +8.1% |
| Boynton Beach-Delray Beach | $376.1K | $395.5K | +5.2% |
| Delray Beach | $363.8K | $357.3K | -1.8% |
Housing Supply in Boynton Beach-Delray Beach, FL
How many homes are available in Boynton Beach-Delray Beach, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3,811 | 3,823 | 0.3% |
Summary: The Boynton Beach-Delray Beach real estate market had 3,823 homes for sale in June 2024, a 0.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 386 | 385 | -0.3% |
| 2 Bedrooms | 1,693 | 1,721 | +1.7% |
| 3 Bedrooms | 1,276 | 1,253 | -1.8% |
| 4 Bedrooms | 298 | 315 | +5.7% |
| 5+ Bedrooms | 158 | 149 | -5.7% |
Summary: The Boynton Beach-Delray Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 651 | 489 | -24.9% |
Asking Price vs. Sold Price
394 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boynton Beach-Delray Beach, you may be able to get a good deal. 80.6% of homes here sold below asking price last month.
Summary: A total of 489 homes were sold or pending in Boynton Beach-Delray Beach in June 2024, down by 24.9% month-over-month. Of the 489 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Boynton Beach-Delray Beach, FL
How long does it take to sell a home in Boynton Beach-Delray Beach, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 42 Days | 56 Days | +33.7% |
Summary: Homes in Boynton Beach-Delray Beach had an average of 56 days on market in Jun 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
230 Homes Were Sold
Under 30 Days
147 Homes Were Sold
In 30 - 90 Days
112 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boynton Beach-Delray Beach are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 489 homes were sold in Boynton Beach-Delray Beach; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. 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. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.