Is Deerfield Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$321,500
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Deerfield Beach have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Deerfield Beach was $321,500 in April 2024, up 7.2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.8K | $132K | +4.9% |
| 2 Bedrooms | $259K | $254.1K | -1.9% |
| 3 Bedrooms | $485K | $493.5K | +1.8% |
| 4 Bedrooms | $530K | $565K | +6.6% |
| 5+ Bedrooms | $500K | $540K | +8.0% |
Summary: Deerfield Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Lighthouse Point | $578.2K | $710K | +22.8% |
| Deerfield Beach | $300K | $321.5K | +7.2% |
| Pompano Beach | $353.1K | $357.6K | +1.3% |
| Boca Raton | $615.3K | $610.1K | -0.8% |
| Hillsboro Beach | $690K | $534.1K | -22.6% |
Housing Supply in Deerfield Beach, FL
How many homes are available in Deerfield Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 445 | 485 | +9.0% |
Summary: The Deerfield Beach real estate market had 485 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 107 | 109 | +1.9% |
| 2 Bedrooms | 202 | 224 | +10.9% |
| 3 Bedrooms | 93 | 105 | +12.9% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Deerfield Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 63 | -13.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
10 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. 74.6% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Deerfield Beach in April 2024, down by 13.7% month-over-month. Of the 63 sold homes, 75% were sold under asking, 16% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 47 Days | +6.8% |
Summary: Homes in Deerfield Beach had an average of 47 days on market in Apr 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 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 April 2024, 63 homes were sold in Deerfield Beach; 44% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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