Is Deerfield Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerfield Beach is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Deerfield Beach has remained a Seller's Market.

Key Takeaway

Deerfield Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Deerfield Beach, FL cost?

Median Sold Price

$277,785

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$39,928(+16.8%)

Key Takeaway

Homes in Deerfield Beach have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $70K$98.2K
+40.4%
2 $180.2K$220K
+22.1%
3 $335K$405K
+20.9%
4 $399.9K$550K
+37.5%
5+ $470K$845.5K
+79.9%

Median Sold Price Compared To Nearby Cities

Hillsboro Beach
+35.3%
Boca Raton
+20.8%
Coconut Creek
+20.3%
Deerfield Beach
+16.8%
Lighthouse Point
-11.5%

How many homes are available in Deerfield Beach, FL?

Number of Homes For Sale

May 2022Jun 2022%
241233-3.3%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 4440
-9.1%
2 115115
0.0%
3 6665
-1.5%
4 1511
-26.7%
5+ 12
+100.0%

Number of Homes Sold

May 2022Jun 2022%
7462-16.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerfield Beach, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
32 Days21 Days-34.5%

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deerfield 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 Deerfield Beach, FL

There are 233 homes are for sale in Deerfield Beach, FL real estate market. The number of homes for sale in Deerfield Beach, FL decreased by 3.3% between May 2022 and June 2022. In June 2022 median list price was $277,785 and the average listing age was 21 days. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 40.4%, prices of 2 bedrooms properties went up by 22.1%, 3 bedrooms properties prices increased by 20.9%, the cost of 4 bedrooms properties went up by 37.5%, prices of 5 bedrooms properties went up by 79.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 9.1%, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 1.5%, the quantity of 4 bedrooms homes went down by 26.7%, the quantity of 5 bedrooms homes went up by 100%. In June 2022, from all listings sold in Deerfield Beach, FL there were more than 28 sold above asking price, over 24 sold below and more than 10 were sold right at the asked price.

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