Delray Beach Property

Real Estate Trends in Delray Beach, FL

• Overview

  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.

• Competitiveness

  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.

• Market

  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.