Delray Beach Real Estate Market Report – February 2019

We are happy to provide you this Real Estate Market report for the Delray Beach 33446 zip code area. The Delray Beach 33446 zip code area is a sunny energetic town home to 23,600 people.

Median estimated home value in the 33446 zip code is $324,000, up 1.71% from the last month, and 1.17% over the last quarter. Home values have increased 4% over the last 12 months and up 16.65% over the last 24 months.

The median sales price is $295,000, a drop of 7.74% over the last month. Prices have gone up and down over the last 12 months. Housing prices climbed 21.9% over the last quarter but fell 10.58% over the last 12 months.

Median List price is at $445,000 – up 0.62% over the last month and dropping slightly 1.09% over the last quarter, and 0.89% over the previous 12 months. There are a total of 88 distressed properties, 82 pre-foreclosures, and 6 foreclosures currently on the market.

332 homes priced for $200,000 or less have sold over the last six months, and a total of 162 homes priced above $500,000 were sold during that same time period. A total of 144 properties were sold in between those price ranges.

A majority of homes sold were 1,200 square feet or less, and the price per square foot average was around $75 per square foot. Buyers purchased more two bedroom homes than any other type. A total of 259 homes acquired are 1,200 square feet or less.

While buyers are seeing prices come down slightly in the Delray Beach and Boca Raton market, there is a lack of inventory in the $200,000 and lower price range.

Buyers need to be financially prepared to act on a property that meets their feature set.

Sign up for notifications of properties so you will be alerted as they become available on the market. Use the search tool below to search properties in your price range.

Give us a call at 561.526.5990 and we will answer your home buying questions.

Sellers in the 33446 zip code area are seeing values rise and sales prices drop. Sellers in the low and higher end price ranges can expect to see continued demand for these properties.

Sellers need to make sure their properties are priced competitively and work with their agent to create a marketing plan that gets their home noticed and sold quickly.

If you have made upgrades to your home or want to know your homes worth, take a few minutes to complete the home value estimation form and give us a call at 561.526.5990 so we can answer your questions to get your home listed and priced competitively.

See Additional Reports on the Delray Beach Real Estate Market.