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 March 2023
At the same time last year, Boynton Beach-Delray Beach was a Seller's Market.
Housing Prices in Boynton Beach-Delray Beach, FL
How much do homes in Boynton Beach-Delray Beach, FL cost?
Median Sold Price
$386,117
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Boynton Beach-Delray Beach was $386,117 in March 2024, up 3.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.1K | $155K | +7.5% |
2 Bedrooms | $279.6K | $283.6K | +1.5% |
3 Bedrooms | $475K | $486K | +2.3% |
4 Bedrooms | $668.5K | $715K | +6.9% |
5+ Bedrooms | $1.0M | $985K | -1.5% |
Summary: Boynton Beach-Delray Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Boynton Beach | $360.4K | $403.9K | +12.1% |
Boynton Beach-Delray Beach | $372.9K | $386.1K | +3.5% |
Delray Beach | $388.2K | $354K | -8.8% |
Housing Supply in Boynton Beach-Delray Beach, FL
How many homes are available in Boynton Beach-Delray Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,708 | 4,049 | +9.2% |
Summary: The Boynton Beach-Delray Beach real estate market had 4,049 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 376 | 426 | +13.3% |
2 Bedrooms | 1,655 | 1,852 | +11.9% |
3 Bedrooms | 1,236 | 1,313 | +6.2% |
4 Bedrooms | 311 | 313 | +0.6% |
5+ Bedrooms | 130 | 145 | +11.5% |
Summary: The Boynton Beach-Delray Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
452 | 479 | +6.0% |
Asking Price vs. Sold Price
379 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 479 homes were sold or pending in Boynton Beach-Delray Beach in March 2024, up by 6.0% month-over-month. Of the 479 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 51 Days | +4.5% |
Summary: Homes in Boynton Beach-Delray Beach had an average of 51 days on market in Mar 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
232 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
94 Homes Were Sold
Over 90 Days
Summary: During March 2024, 479 homes were sold in Boynton Beach-Delray Beach; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.