Is Deerfield 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, Deerfield Beach was a Seller's Market.
Key Takeaway
Deerfield Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Deerfield Beach, FL
How much do homes in Deerfield Beach, FL cost?
Median Sold Price
$329,796
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Deerfield Beach have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Deerfield Beach was $329,796 in March 2024, up 11.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $130K | +4.0% |
| 2 Bedrooms | $256.3K | $265K | +3.4% |
| 3 Bedrooms | $470K | $500K | +6.4% |
| 4 Bedrooms | $549.5K | $530K | -3.5% |
| 5+ Bedrooms | $500K | $540K | +8.0% |
Summary: Deerfield Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Deerfield Beach | $296.3K | $329.7K | +11.3% |
| Lighthouse Point | $675K | $732.5K | +8.5% |
| Pompano Beach | $355.4K | $356.9K | 0.4% |
| Boca Raton | $628.1K | $601K | -4.3% |
| Hillsboro Beach | $699K | $534.1K | -23.6% |
Housing Supply in Deerfield Beach, FL
How many homes are available in Deerfield Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 395 | 457 | +15.7% |
Summary: The Deerfield Beach real estate market had 457 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 97 | 115 | +18.6% |
| 2 Bedrooms | 193 | 206 | +6.7% |
| 3 Bedrooms | 73 | 93 | +27.4% |
| 4 Bedrooms | 26 | 35 | +34.6% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Deerfield Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 27.4%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 63 | +53.7% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deerfield Beach, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Deerfield Beach in March 2024, up by 53.7% month-over-month. Of the 63 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Deerfield Beach, FL
How long does it take to sell a home in Deerfield Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 35 Days | -29.3% |
Summary: Homes in Deerfield Beach had an average of 35 days on market in Mar 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deerfield Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 63 homes were sold in Deerfield Beach; 54% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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