$2,850 Closing Credit*
$240,000
930 SqFt
2 Beds
•2 Full Baths
Deborah Reano, Listing Office: Keyes - Boca East
Is Delray Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$371,416
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,429(+3.2%)
Key Takeaway
Homes in Delray Beach have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Delray Beach was $371,416 in September 2024, up 3.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $145K | -3.3% |
| 2 Bedrooms | $265.5K | $260.1K | -2.0% |
| 3 Bedrooms | $601.5K | $628.3K | +4.5% |
| 4 Bedrooms | $1.1M | $1.2M | +6.5% |
| 5+ Bedrooms | $2.1M | $2.0M | -4.3% |
Summary: Delray Beach housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Highland Beach | $895K | $970K | +8.4% |
| Boynton Beach | $390.4K | $415.4K | +6.4% |
| Boynton Beach-Delray Beach | $378K | $399.2K | +5.6% |
| Delray Beach | $359.9K | $371.4K | +3.2% |
Housing Supply in Delray Beach, FL
How many homes are available in Delray Beach, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,738 | 1,824 | +4.9% |
Summary: The Delray Beach real estate market had 1,824 homes for sale in September 2024, a 4.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 204 | 214 | +4.9% |
| 2 Bedrooms | 925 | 996 | +7.7% |
| 3 Bedrooms | 365 | 361 | -1.1% |
| 4 Bedrooms | 145 | 145 | 0.0% |
| 5+ Bedrooms | 99 | 108 | +9.1% |
Summary: The Delray Beach housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 241 | 130 | -46.1% |
Asking Price vs. Sold Price
117 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 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% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Delray Beach in September 2024, down by 46.1% month-over-month. Of the 130 sold homes, 90% were sold under asking, 8% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 47 Days | 79 Days | +67.2% |
Summary: Homes in Delray Beach had an average of 79 days on market in Sep 2024, up by 67.2% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Delray Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 130 homes were sold in Delray Beach; 32% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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