Is Boca Raton, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Raton is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, Boca Raton has remained a Seller's Market.

Key Takeaway

Boca Raton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Boca Raton, FL cost?

Median Sold Price

$579,991

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$79,338(+15.8%)

Key Takeaway

Homes in Boca Raton have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $189K$210K
+11.1%
2 $277.5K$331.3K
+19.4%
3 $450K$556.6K
+23.7%
4 $719.1K$815K
+13.3%
5+ $1.6M$2.5M
+59.0%

Median Sold Price Compared To Nearby Cities

Delray Beach
+25.4%
Highland Beach
+22.7%
Boca Raton
+15.8%
Deerfield Beach
+15.8%
Boynton Beach-Delray Beach
+13.5%

How many homes are available in Boca Raton, FL?

Number of Homes For Sale

Oct 2021Nov 2021%
691670-3.0%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 2926
-10.3%
2 220218
-0.9%
3 204208
+2.0%
4 125114
-8.8%
5+ 113104
-8.0%

Number of Homes Sold

Oct 2021Nov 2021%
148149+0.7%

Asking Price vs. Sold Price

86 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Raton, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
77 Days43 Days-43.4%

Breakdown of Home Sale Times

100 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Boca Raton are selling fast, if you're buying plan to act quickly.

About Boca Raton, FL

Boca Raton, FL has 670 homes for sale to choose from. In November 2021 in Boca Raton, FL there were 3% less homes for sale than in October 2021. Listings spent 43 days on the market in November 2021, and had a median list price of $579,991 during the same period. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 11.1%, the cost of 2 bedrooms properties went up by 19.4%, 3 bedrooms properties became 23.7% more expensive, 4 bedrooms properties prices increased by 13.3%, the cost of 5 bedrooms properties went up by 59%. This housing market inventory have changed: volume of 1 bedroom homes went down by 10.3%, the quantity of 2 bedrooms homes went down by 0.9%, 3 bedrooms homes became 2% more available, 4 bedrooms homes became 8.8% less available, 5 bedrooms homes became 8% less available. In November 2021, from all listings sold in Boca Raton, FL there were more than 40 sold above asking price, over 86 sold below and more than 23 were sold right at the asked price.

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