$3,266 Closing Credit*
$275,000
1,348 SqFt
2 Beds
•2 Full Baths
Marjorie Goldman Spaderna, Listing Office: Coldwell Banker Realty
Is Lakes of Delray, 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, Lakes of Delray was a Seller's Market.
Key Takeaway
Lakes of Delray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakes of Delray, FL
How much do homes in Lakes of Delray, FL cost?
Median Sold Price
$220,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,500(-5.4%)
Key Takeaway
Homes in Lakes of Delray have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Lakes of Delray was $220,000 in October 2024, down 5.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $120K | -33.1% |
| 2 Bedrooms | $235K | $220K | -6.4% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lakes of Delray housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.1%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Las Verdes | $235K | $255K | +8.5% |
| Lakes of Delray | $232.5K | $220K | -5.4% |
Housing Supply in Lakes of Delray, FL
How many homes are available in Lakes of Delray, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 58 | +7.4% |
Summary: The Lakes of Delray real estate market had 58 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 51 | 54 | +5.9% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lakes of Delray housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakes of Delray, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lakes of Delray in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lakes of Delray, FL
How long does it take to sell a home in Lakes of Delray, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 48 Days | +71.4% |
Summary: Homes in Lakes of Delray had an average of 48 days on market in Oct 2024, up by 71.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakes of Delray are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lakes of Delray; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.