Is Boynton Beach-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, Boynton Beach-Delray Beach was a Seller's Market.
Housing Prices in Boynton Beach-Delray Beach, FL
How much do homes in Boynton Beach-Delray Beach, FL cost?
Median Sold Price
$389,103
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Boynton Beach-Delray Beach was $389,103 in April 2024, up 4.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $155K | +6.9% |
2 Bedrooms | $280.1K | $283.4K | +1.2% |
3 Bedrooms | $475K | $489.9K | +3.2% |
4 Bedrooms | $675K | $715K | +5.9% |
5+ Bedrooms | $904.5K | $1.1M | +25.1% |
Summary: Boynton Beach-Delray Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25.1%.
Median Sold Price Compared To Nearby Cities
Boynton Beach | $365K | $408.8K | +12.0% |
Boynton Beach-Delray Beach | $372.4K | $389.1K | +4.5% |
Delray Beach | $379.9K | $355K | -6.6% |
Housing Supply in Boynton Beach-Delray Beach, FL
How many homes are available in Boynton Beach-Delray Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,872 | 4,152 | +7.2% |
Summary: The Boynton Beach-Delray Beach real estate market had 4,152 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 392 | 444 | +13.3% |
2 Bedrooms | 1,751 | 1,888 | +7.8% |
3 Bedrooms | 1,280 | 1,327 | +3.7% |
4 Bedrooms | 301 | 327 | +8.6% |
5+ Bedrooms | 148 | 166 | +12.2% |
Summary: The Boynton Beach-Delray Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
540 | 576 | +6.7% |
Asking Price vs. Sold Price
464 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 576 homes were sold or pending in Boynton Beach-Delray Beach in April 2024, up by 6.7% month-over-month. Of the 576 sold homes, 81% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Boynton Beach-Delray Beach, FL
How long does it take to sell a home in Boynton Beach-Delray Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +15.2% |
Summary: Homes in Boynton Beach-Delray Beach had an average of 54 days on market in Apr 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
255 Homes Were Sold
Under 30 Days
199 Homes Were Sold
In 30 - 90 Days
122 Homes Were Sold
Over 90 Days
Summary: During April 2024, 576 homes were sold in Boynton Beach-Delray Beach; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.