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 May 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

$391,352

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,577(+4.1%)

Key Takeaway

Homes in Boynton Beach-Delray Beach have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Boynton Beach-Delray Beach was $391,352 in May 2024, up 4.1% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147.3K$155K
+5.2%
2 $280.4K$283.9K
+1.2%
3 $474.8K$491.3K
+3.5%
4 $675K$721.9K
+7.0%
5+ $890K$1.1M
+30.8%

Summary: Boynton Beach-Delray Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 30.8%.

Median Sold Price Compared To Nearby Cities

Boynton Beach
+7.6%
Boynton Beach-Delray Beach
+4.1%
Delray Beach
-3.1%
Gulf Stream
-62.3%

Housing Supply in Boynton Beach-Delray Beach, FL

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
3,9424,058+2.9%

Summary: The Boynton Beach-Delray Beach real estate market had 4,058 homes for sale in May 2024, a 2.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 417418
0.2%
2 1,7751,838
+3.5%
3 1,2841,330
+3.6%
4 313318
+1.6%
5+ 153154
+0.7%

Summary: The Boynton Beach-Delray Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 0.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
645565-12.4%

Asking Price vs. Sold Price

455 Homes Were Sold
Under Asking

78 Homes Were Sold
At Asking

32 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. 80.5% of homes here sold below asking price last month.

Summary: A total of 565 homes were sold or pending in Boynton Beach-Delray Beach in May 2024, down by 12.4% month-over-month. Of the 565 sold homes, 81% were sold under asking, 14% were sold at asking, and 6% 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

May 2023May 2024CHANGE
46 Days61 Days+32.6%

Summary: Homes in Boynton Beach-Delray Beach had an average of 61 days on market in May 2024, up by 32.6% compared to last year.

Breakdown of Home Sale Times

237 Homes Were Sold
Under 30 Days

190 Homes Were Sold
In 30 - 90 Days

138 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.

Summary: During May 2024, 565 homes were sold in Boynton Beach-Delray Beach; 42% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

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