Delray Beach home prices rise in October 2020

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The median sale price of a home sold in October 2020 in Delray Beach rose by $40,000 while total sales increased by 27.8%, according to

In October 2020, there were 193 homes sold, with a median sale price of $290,000 - a 16% increase over the $250,000 median sale price for the same period of the previous year. There were 151 homes sold in Delray Beach in October 2019.

The median sales tax in Delray Beach for the most recent year with available data, 2018, was $2,676, approximately 0.9% of the median home sale price for October 2020.

The following table compares Delray Beach to other Palm Beach County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
Palm Beach Shores6450%$363,650$308,00018.1%
South Palm Beach13785.7%$340,000$362,500-6.2%
Boca Raton (unincorporated)30523629.2%$313,000$278,00012.6%
Boca Del Mar CDP474211.9%$313,000$297,5005.2%
Boynton Beach (unincorporated)27620534.6%$299,950$262,50014.3%
Delray Beach19315127.8%$290,000$250,00016%
Loxahatchee Groves660%$280,000$356,234.54-21.4%
Lake Worth2672621.9%$272,000$258,4905.2%
Lake Worth Corridor CDP1124-54.2%$260,000$209,50024.1%
North Palm Beach563086.7%$257,625$347,500-25.9%
Royal Palm Beach937032.9%$256,550$234,4509.4%

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