Table of Content
- Breakdown of Home Sale Times
- How hot is the Delray Beach housing market?
- Home Prices In Boca Raton Soar, While Delray Beach Sees Huge Decline
- More Real Estate Resources for Delray Beach
- Highest Appreciating Delray Beach Neighborhoods Since 2000
- What homes are available in Delray Beach, FL?
- Frequently Asked Questions
- Open Houses
The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. This property is offered without respect to any protected classes in accordance with the law. Relative to Florida, our data show that Delray Beach's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida. Work with a top Delray Beach real estate agent to figure out the best selling strategy and start bidding wars on your home. Visit our Buyer Resource Center for the latest home buying advice from top real estate agents across the country.
It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. In the last 10 years, Delray Beach has experienced some of the highest home appreciation rates of any community in the nation. Delray Beach real estate appreciated 170.40% over the last ten years, which is an average annual home appreciation rate of 10.46%, putting Delray Beach in the top 10% nationally for real estate appreciation.
Breakdown of Home Sale Times
The cost of rent varies depending on several factors, including location, size, and quality. We’re working on getting current and accurate flood risk information. At this time, we don't have enough active inventory for the selected bedroom count to generate data for the table. All listings featuring the RAPB+GFLR logo are provided by Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc.
The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood. Appreciation rates are so strong in Delray Beach that despite a nationwide downturn in the housing market, Delray Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Delray Beach appreciation rates continue to be some of the highest in America, at 23.52%, which is higher than appreciation rates in 93.64% of the cities and towns in the nation.
How hot is the Delray Beach housing market?
Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Importantly, this makes Delray Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research.
There are 1306 active homes for sale in Delray Beach, FL, which spend an average of 67 days on the market. Some of the hottest neighborhoods near Delray Beach, FL are Kings Point, Villages of Oriole, Hunters Run, Boca del Mar, High Point of Delray. Fill out this form to find out the value of your Delray Beach home from a qualified local real estate agent who knows the Delray Beach housing market. Our expert real estate agents know local home prices and the local real estate market well, and can help you price and sell your Delray Beach home. One very important thing to keep in mind is that these are average appreciation rates for the city.
Home Prices In Boca Raton Soar, While Delray Beach Sees Huge Decline
Individual neighborhoods within Delray Beach differ in their investment potential, sometimes by a great deal. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Find real estate prices in Delray Beach by filling out the form on this page. House prices are determined by experts who know the local real estate market well and specialize in providing accurate real estate values for Delray Beach home sellers. Click here to find more home values in other Delray Beach County cities.
All analytics are copyright Altos Research and not affiliated with any MLS. The price range for all bedrooms and all property types is $1,500 to $95,000. Work with a top Delray Beach real estate agent who can help you navigate the market and get the best deal. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period.
More Real Estate Resources for Delray Beach
By providing this information, Redfin and its agents are not providing advice or guidance on flood risk, flood insurance, or other climate risks. Redfin strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction. The average number of days on market for homes in Boca Raton during the first quarter of 2022 was 30. One year ago, it took an average of 66 days to sell a home in Boca Raton. Over the past month, the average rent for a studio apartment in Delray Beach decreased by -7% to $3,250. The proportion of homes and apartments in the city built within a certain time period.
Houses in Delray Beach, FL rent between $1,500 - $95,000 with a median rent of $3,500. For a simple, stress-free transaction, consider selling to pre-approved iBuyers ready to make offers on your home. Get cash offers with HomeLight Simple Sale, the fastest way to sell your home. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Flood risk in Delray Beach is increasing faster than the national average. The most expensive neighborhoods in Delray Beach are Osceola Park ($3,272), The Beach District ($3,272) and Tropic Isle ($3,272).
Since it is less easy to get around town in Delray Beach, FL a bike or car will be helpful. Check out Delray Beach, FL HUD homes for sale, which may include auction properties, for sale by owner, and more. If you're buying a home in Delray Beach, you may be able to get a good deal. Percentages are based on the number of housing units for each type over the total number of units across all types.
Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included. Conforming refers to a mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that doesn't exceed the conforming loan limit, a figure linked to an index published by the Federal Housing Finance Board. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity.
Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.
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