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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delray Beach is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in Delray Beach, FL cost?

Median Sold Price

$400,440

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$85,240(+27.0%)

Key Takeaway

Homes in Delray Beach have sold for 27% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $125.5K$160K
+27.5%
2 $211.9K$259.7K
+22.6%
3 $410K$550.5K
+34.3%
4 $888.7K$992.5K
+11.7%
5+ $2.2M$2.9M
+31.1%

Median Sold Price Compared To Nearby Cities

Gulf Stream
+53.3%
Delray Beach
+27.0%
Highland Beach
+18.3%
Boynton Beach-Delray Beach
+12.6%
Boynton Beach
+10.5%

How many homes are available in Delray Beach, FL?

Number of Homes For Sale

Nov 2021Dec 2021%
456435-4.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 4044
+10.0%
2 199179
-10.1%
3 126122
-3.2%
4 5053
+6.0%
5+ 4137
-9.8%

Number of Homes Sold

Nov 2021Dec 2021%
121106-12.4%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delray Beach, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
80 Days24 Days-69.9%

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delray Beach are selling fast, if you're buying plan to act quickly.

About Delray Beach, FL

Delray Beach, FL has 435 homes on the market. The inventory of homes for sale in Delray Beach, FL between November 2021 and December 2021 decreased by 4.6%. In December 2021 median list price was $400,440 and the average listing age was 24 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 27.5%, prices of 2 bedrooms properties went up by 22.6%, the cost of 3 bedrooms properties went up by 34.3%, 4 bedrooms properties became 11.7% more expensive, the cost of 5 bedrooms properties went up by 31.1%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 10%, the quantity of 2 bedrooms homes went down by 10.1%, the quantity of 3 bedrooms homes went down by 3.2%, volume of 4 bedrooms homes went up by 6%, volume of 5 bedrooms homes went down by 9.8%. In December 2021, from all listings sold in Delray Beach, FL there were more than 29 sold above asking price, over 58 sold below and more than 19 were sold right at the asked price.

Related Housing Market Reports