Delray Beach Real Estate Market Report – November 2018

Here’s a look at the Delay Beach Real Estate Market for November 2018. According to statistics from Beaches MLS, the median sale price for homes in Delray Beach is $264,000. Interest is increasing in the Lake Ida, Lake Eden, Esplanade, and Delray Summit areas. Let’s take a closer look at the Delray Beach market trends.

November began with Delray Beach recording a median estimated home value of $254,000. This amount is up from the $248,000 recorded last month and is up 5.9 percent from this time last year. The median home value for Delray Beach is higher than the $241,000 showing for the nation. The median list price for homes in Delray Beach is $260,000. This amount shows a 13 percent increase year-over-year. The median sale price for homes in Delray Beach is $264,000. This number is up 10 percent from October 2017. The median home age for this area is 26 years.

As we look at the 33446 zip code area, we see a median estimated home value of $318,000. This amount is up 0.2 percent from this time last year and significantly higher than the nation’s $241,000.

The median list price for the 33446 area is $250,000. This amount shows a 7.1 percent decrease from last month but is 3.6 percent higher than the average for Palm Beach County.

The median sale price for homes in the 33446 zip code area is $335,000. This number is up 8.03 percent when compared year-over-year. The median home age for this area is 26 years.

For Delray Beach, there were 1,098 homes sold in the $150,000 and below price range. There were 565 homes sold in the $450,000 and above price range. For October, there were 556 homes sold at the $150,000 to $250,000 price range.

There’s an increased interest in homes for sale in Lake Ida, Lake Eden, Esplanade, and Delray Summit. Many homes in these communities come with dockage.

For the 33446 zip code area, there were 405 homes sold that are below $200,000. There were 192 homes sold that are above $500,000. For October, there were 42 homes sold in the $300,000 – $350,000 range.

Buyers are coming up against strong competition when it comes to the number of active listings on the market in Delray Beach and Boca Raton. Sign up for a free account and create listing searches according to your unique criteria. Doing this will save you time and give you a headstart when buying a home.

The median value of new listings in the 33446 zip code area is $413,850 with the high end of homes being recorded at $1,169,000. The average price per square foot for this area is $189.00. The median value of new listings in Delray for this month is $359,998 with the high end of homes being recorded at $1,500,000. The average price per square foot is $197.00 for this area.

One of the keys to a successful home sale is pricing your home correctly. This is especially true if you’ve made upgrades or live in an area that is in high demand. Take a few minutes to complete the home value estimation form to get an idea of what your home is worth in today’s market. Or, give us a call at 561.526.5990 to discuss a comprehensive report that goes into greater detail.

Wondering what your home might be worth? Find out with our home valuation calculator?

See Additional Reports on the Delray Beach Real Estate Market.

Here are the most recent home listings just added to the database in the median sale price range for Delray Beach. All homes here are priced at $264,000 or less.

Here are the most recent home listings just added to the database in the median sale price range for zip code 33446. All homes here are priced at $335,000 or less.