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 buyer'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

# BEDSDec 2021Dec 2022%
1 $163K$187K
+14.7%
2 $258.7K$322.7K
+24.8%
3 $549.4K$643.3K
+17.1%
4 $1.0M$1.6M
+61.3%
5+ $2.9M$2.3M
-20.3%

Median Sold Price Compared To Nearby Cities

Gulf Stream
+79.4%
Boynton Beach-Delray Beach
+23.4%
Boynton Beach
+22.0%
Highland Beach
+16.6%
Delray Beach
+13.9%

How many homes are available in Delray Beach, FL?

Number of Homes For Sale

Nov 2022Dec 2022%
496503+1.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 3942
+7.7%
2 199207
+4.0%
3 172163
-5.2%
4 5255
+5.8%
5+ 3436
+5.9%

Number of Homes Sold

Nov 2022Dec 2022%
9465-30.9%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
31 Days49 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delray 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 Delray Beach, FL

Homes for sale in Delray Beach, FL have reached 503. The number of listings in Delray Beach, FL increased by 1.4% between November 2022 and December 2022. Listings spent 49 days on the market in December 2022, and had a median list price of $454,600 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 14.7%, prices of 2 bedrooms properties increased by 24.8%, 3 bedrooms properties became 17.1% more expensive, prices of 4 bedrooms properties increased by 61.3%, 5 bedrooms properties prices decreased by 20.3%. This housing market inventory have changed: 1 bedroom homes became 7.7% more available, 2 bedrooms homes became 4% more available, number of 3 bedrooms homes decreased by 5.2%, number of 4 bedrooms homes increased by 5.8%, number of 5 bedrooms homes increased by 5.9%. Over 3 listings were sold over their listed price in December 2022 in Delray Beach, FL. In the same period over 55 listings were sold below the listed price and 7 listings were sold for the listed price.

Related Housing Market Reports