Is Delray Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, Delray Beach was a Seller's Market.
Key Takeaway
Delray Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Delray Beach, FL cost?
Median Sold Price
$454,600
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$55,588(+13.9%)
Key Takeaway
Homes in Delray Beach have sold for 13.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $163K | $187K | +14.7% |
| 2 Bedrooms | $258.7K | $322.7K | +24.8% |
| 3 Bedrooms | $549.4K | $643.3K | +17.1% |
| 4 Bedrooms | $1.0M | $1.6M | +61.3% |
| 5+ Bedrooms | $2.9M | $2.3M | -20.3% |
Median Sold Price Compared To Nearby Cities
| Gulf Stream | $2.6M | $4.8M | +79.4% |
| Boynton Beach-Delray Beach | $292.1K | $360.5K | +23.4% |
| Boynton Beach | $258K | $314.8K | +22.0% |
| Highland Beach | $703.3K | $820K | +16.6% |
| Delray Beach | $399K | $454.6K | +13.9% |
How many homes are available in Delray Beach, FL?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 496 | 503 | +1.4% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 39 | 42 | +7.7% |
| 2 Bedrooms | 199 | 207 | +4.0% |
| 3 Bedrooms | 172 | 163 | -5.2% |
| 4 Bedrooms | 52 | 55 | +5.8% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 94 | 65 | -30.9% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delray Beach, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 31 Days | 49 Days | +58.2% |
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delray Beach are selling fast, if you're buying plan to act quickly.
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Copyright © 2023 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 Brevard Multiple Listing Service. 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.