Delray Beach Real Estate Market Report – September 2018

Here’s a look at the Delay Beach Real Estate Market for September 2018. According to statistics from Beaches MLS, the median sale price for homes in Delray Beach is $279,000. Let’s take a closer look at the Delray Beach market trends.

September began with Delray Beach recording a median estimated home value of $249,000. This amount is up slightly from the $247,000 recorded last month and is up 6.6 percent from this time last year. The median home value for Delray Beach is higher than the $239,000 showing for the nation. The median list price for homes in Delray Beach is $260,000. This amount shows a 13.5 percent increase year-over-year. The median sale price for homes in Delray Beach is $279,000. This number is up 20 percent from August 2017. The median home age for this area is 33 years.

As we look at the 33446 zip code area, we see a median estimated home value of $327,000. This amount is up 5.8 percent from this time last year and significantly higher than the nation’s $239,000. The median list price for the 33446 area is $270,000. This amount shows a 3.8 percent increase from last month and an 8 percent increase year-over-year. The median sale price for homes in the 33446 zip code area is $400,000. This number is up 45.72 percent from August 2017. The median home age for this area is 26 years.

For Delray Beach, popular price ranges for sold homes as we move into September are $150,000 and below or $450,000 and above. We still see a significant number of homes in the $150,000 to $250,000 range being sold. New construction continues to be sought after in communities like Boca Bridges and Dakota.

For the 33446 zip code area, we’re seeing the majority of hold homes below $200,000 or above $500,000. There’s a slight rise in interest in homes in the $300,000 – $350,000 range, as well.

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. As we move out of the summer months, Tropic Bay, Pelican Harbor, Harbourside, and Del Harbour Club remain popular with buyers seeking a property that includes a dock.

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The most popular age range of homes being sold in Delray Beach are homes between 30 – 40 years old. For the 33446 zip code area, the most popular age range is the same, but the margin is much closer for the interest in homes between 40 – 50 years old. The most popular homes being sold in both areas have two and three bedrooms. However, there is a market for those with less or more bedrooms according to current statistics.

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 $279,000 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 $400,000 or less.