Is Deerfield Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Deerfield Beach was a Seller's Market.
Housing Prices in Deerfield Beach, FL
How much do homes in Deerfield Beach, FL cost?
Median Sold Price
$325,223
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deerfield Beach was $325,223 in May 2024, up 5.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125.8K | $133.5K | +6.0% |
2 Bedrooms | $266.1K | $260K | -2.3% |
3 Bedrooms | $489K | $485K | -0.8% |
4 Bedrooms | $495K | $590K | +19.2% |
5+ Bedrooms | $482.5K | $607.5K | +25.9% |
Summary: Deerfield Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 25.9%.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $307K | $325.2K | +5.9% |
Pompano Beach | $350.1K | $362.2K | +3.5% |
Boca Raton | $597.9K | $612.3K | +2.4% |
Lighthouse Point | $700K | $710K | +1.4% |
Hillsboro Beach | $689.3K | $530K | -23.1% |
Housing Supply in Deerfield Beach, FL
How many homes are available in Deerfield Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
467 | 506 | +8.4% |
Summary: The Deerfield Beach real estate market had 506 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 101 | 113 | +11.9% |
2 Bedrooms | 219 | 222 | +1.4% |
3 Bedrooms | 104 | 120 | +15.4% |
4 Bedrooms | 37 | 43 | +16.2% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Deerfield Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 78 | +20.0% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Deerfield Beach in May 2024, up by 20.0% month-over-month. Of the 78 sold homes, 77% were sold under asking, 10% were sold at asking, and 13% were sold over asking.
Days on Market for Deerfield Beach, FL
How long does it take to sell a home in Deerfield Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 50 Days | +39.4% |
Summary: Homes in Deerfield Beach had an average of 50 days on market in May 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 78 homes were sold in Deerfield Beach; 47% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.