South Florida

Delray Beach, FL

Single-Family Homes

Real Estate Market Reports



Delray Beach, FL

Tue Sep 27 2022
This week the median list price for Delray Beach, FL is $945,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 298. Click here to stay informed with the Delray Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Delray Beach, FL

Tue Sep 27 2022
This week the median list price for Delray Beach, FL is $945,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 298. Click here to stay informed with the Delray Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Delray Beach market.
Median List Price $945,000
Median Price of New Listings $669,000
Per Square Foot $422
Average Days on Market 71
Median Days on Market 56
Price Decreased 45%
Price Increased 3%
Relisted 6%
Inventory 298
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,500,000 4,616 0.25 - 0.5 acre 5 5 20 3 3 84
$1,399,500 3,119 8,000 - 10,000 sqft 4 3.5 25 5 6 56
$699,900 1,863 6,500 - 8,000 sqft 3 2 30 12 12 49
$474,900 1,422 6,500 - 8,000 sqft 3 2 43 9 12 35