MATT & NICK TEAM
Office
648 George Bush Blvd
Delray Beach FL 33483
Housing Market Trends
The Delray Beach housing market is relatively less competitive. On average, homes receive two offers and take about 82 days to sell. Last month, the median sale price reached $520K, reflecting a 7.2% increase compared to the previous year. However, the median price per square foot declined by 4.2%, now standing at $338.
In April 2025, the median home price in Delray Beach rose to $520K, marking a 7.2% increase from the previous year. Homes are selling slightly faster, averaging 82 days on the market compared to 87 days in April 2024. Despite the price growth, overall sales volume dipped, with 149 homes sold this April versus 156 a year ago. This suggests a steady rise in property values, even as transaction activity slows modestly—potentially due to tighter inventory or buyer caution.
Delray Beach is a relatively low-competition market, with homes typically taking around 91 days to sell. Multiple offers are uncommon, and most properties sell for approximately 5% below the list price before going under contract. Even highly desirable homes tend to sell for about 1% below asking and go pending in roughly 47 days, indicating a slower pace and more negotiating room for buyers.
As of April 2025, Delray Beach, FL is considered a buyer’s market, meaning the inventory of homes for sale exceeds current buyer demand. This gives buyers greater leverage in negotiations, often resulting in longer days on market, more price flexibility, and increased opportunities to secure favorable terms. It’s an ideal environment for those looking to take their time, compare options, and potentially purchase below asking price.