Is The Polo Club of Boca Raton, 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, The Polo Club of Boca Raton was a Seller's Market.
Key Takeaway
The Polo Club of Boca Raton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Polo Club of Boca Raton, FL
How much do homes in The Polo Club of Boca Raton, FL cost?
Median Sold Price
$950,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in The Polo Club of Boca Raton have sold for 1% less than they did a year ago.
Summary: The median home sold price in The Polo Club of Boca Raton was $950,000 in May 2024, down 1% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $620K | $818.2K | +32.0% |
| 3 Bedrooms | $860K | $847K | -1.5% |
| 4 Bedrooms | $1.4M | $1.8M | +26.3% |
| 5+ Bedrooms | $2.1M | $3.4M | +56.3% |
Summary: The Polo Club of Boca Raton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 56.3%.
Housing Supply in The Polo Club of Boca Raton, FL
How many homes are available in The Polo Club of Boca Raton, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The The Polo Club of Boca Raton real estate market had 31 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The The Polo Club of Boca Raton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Polo Club of Boca Raton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in The Polo Club of Boca Raton in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for The Polo Club of Boca Raton, FL
How long does it take to sell a home in The Polo Club of Boca Raton, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 79 Days | 1 Days | -97.8% |
Summary: Homes in The Polo Club of Boca Raton had an average of 1 days on market in May 2024, down by 97.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Polo Club of Boca Raton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in The Polo Club of Boca Raton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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