March 2025
Delray Beach Market Stats
The Delray Beach housing market experienced mixed results in March 2025 compared to a year ago. While inventory levels rose significantly, buyer demand showed signs of softening, reflected by fewer closed sales and lower median prices for both single-family homes and townhouse/condo properties.
Delray Beach Single-Family Home
In March 2025, the Delray Beach single-family home market saw a moderate cooling compared to last year:
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Closed Sales: 56 (down -1.8% year-over-year)
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Median Sales Price: $658,250 (down -7.3% year-over-year)
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Active Inventory: 378 homes (up 22% year-over-year)
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Months Supply of Inventory: 6.9 months (up from 5.9 months a year ago)
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New Listings: 94 (up 19% year-over-year)
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New Pending Sales: 51 (down -43% year-over-year)
Higher inventory and a longer months’ supply indicate that buyers have more options and negotiation leverage, contributing to the downward shift in prices and pending sales activity.
Delray Beach Townhouse and Condos
The Delray Beach townhouse and condo sector followed a similar path in March:
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Closed Sales: 65 (down -7.1% year-over-year)
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Median Sales Price: $311,500 (down -23% year-over-year)
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Active Inventory: 463 units (up 22% year-over-year)
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Months Supply of Inventory: 8.9 months (up from 6.4 months a year ago)
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New Listings: 135 (up 13% year-over-year)
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New Pending Sales: 82 (up 14% year-over-year)
Despite a large increase in available units, the townhouse and condo market showed an encouraging uptick in pending sales, signaling pockets of renewed buyer interest even as prices reset.
