Is Delray 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, Delray Beach was a Seller's Market.
Housing Prices in Delray Beach, FL
How much do homes in Delray Beach, FL cost?
Median Sold Price
$355,046
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Delray Beach was $355,046 in April 2024, down 6.6% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $148.8K | -6.9% |
2 Bedrooms | $280K | $258.7K | -7.6% |
3 Bedrooms | $617.5K | $625K | +1.2% |
4 Bedrooms | $1.3M | $1.1M | -10.6% |
5+ Bedrooms | $1.8M | $2.2M | +23.3% |
Summary: Delray Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
Boynton Beach | $365K | $408.8K | +12.0% |
Boynton Beach-Delray Beach | $372.4K | $389.1K | +4.5% |
Highland Beach | $951K | $891K | -6.3% |
Delray Beach | $379.9K | $355K | -6.6% |
Housing Supply in Delray Beach, FL
How many homes are available in Delray Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,978 | 2,109 | +6.6% |
Summary: The Delray Beach real estate market had 2,109 homes for sale in April 2024, a 6.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 235 | 276 | +17.4% |
2 Bedrooms | 1,028 | 1,096 | +6.6% |
3 Bedrooms | 447 | 451 | +0.9% |
4 Bedrooms | 143 | 158 | +10.5% |
5+ Bedrooms | 125 | 128 | +2.4% |
Summary: The Delray Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
251 | 270 | +7.6% |
Asking Price vs. Sold Price
229 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 270 homes were sold or pending in Delray Beach in April 2024, up by 7.6% month-over-month. Of the 270 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.
Days on Market for Delray Beach, FL
How long does it take to sell a home in Delray Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 63 Days | +37.3% |
Summary: Homes in Delray Beach had an average of 63 days on market in Apr 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
101 Homes Were Sold
In 30 - 90 Days
69 Homes Were Sold
Over 90 Days
Summary: During April 2024, 270 homes were sold in Delray Beach; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.