$6,591 Closing Credit*
$555,000
826 SqFt
1 Bed
•1 Full Bath
Mallory Teich, Listing Office: Spanish River Realty, Inc.
Is Delray Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Delray Beach, FL
How much do homes in Delray Beach, FL cost?
Median Sold Price
$373,751
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,812(+4.4%)
Key Takeaway
Homes in Delray Beach have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Delray Beach was $373,751 in October 2024, up 4.4% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $138.8K | -7.4% |
| 2 Bedrooms | $264.7K | $259.9K | -1.8% |
| 3 Bedrooms | $599.9K | $637.6K | +6.3% |
| 4 Bedrooms | $1.1M | $1.1M | +1.4% |
| 5+ Bedrooms | $2.2M | $1.9M | -14.5% |
Summary: Delray Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Highland Beach | $900K | $985K | +9.4% |
| Boynton Beach-Delray Beach | $379.1K | $399.7K | +5.4% |
| Boynton Beach | $396.1K | $415.1K | +4.8% |
| Delray Beach | $357.9K | $373.7K | +4.4% |
Housing Supply in Delray Beach, FL
How many homes are available in Delray Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,708 | 1,915 | +12.1% |
Summary: The Delray Beach real estate market had 1,915 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 197 | 228 | +15.7% |
| 2 Bedrooms | 936 | 1,077 | +15.1% |
| 3 Bedrooms | 338 | 354 | +4.7% |
| 4 Bedrooms | 138 | 142 | +2.9% |
| 5+ Bedrooms | 99 | 114 | +15.2% |
Summary: The Delray Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 155 | 184 | +18.7% |
Asking Price vs. Sold Price
167 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 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. 90.8% of homes here sold below asking price last month.
Summary: A total of 184 homes were sold or pending in Delray Beach in October 2024, up by 18.7% month-over-month. Of the 184 sold homes, 91% were sold under asking, 7% were sold at asking, and 2% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 66 Days | +64.4% |
Summary: Homes in Delray Beach had an average of 66 days on market in Oct 2024, up by 64.4% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delray Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 184 homes were sold in Delray Beach; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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