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 buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Boca Raton was a Seller's Market.

Key Takeaway

Boca Raton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Boca Raton, FL cost?

Median Sold Price

$719,967

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$139,871(+24.1%)

Key Takeaway

Homes in Boca Raton have sold for 24.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $217K$230.5K
+6.2%
2 $331.3K$390.1K
+17.7%
3 $558.5K$739.6K
+32.4%
4 $820K$1.0M
+31.4%
5+ $2.6M$2.5M
-3.8%

Median Sold Price Compared To Nearby Cities

Boca Raton
+24.1%
Boynton Beach-Delray Beach
+23.5%
Delray Beach
+18.1%
Deerfield Beach
+15.9%
Highland Beach
+11.1%

How many homes are available in Boca Raton, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
710736+3.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3437
+8.8%
2 192208
+8.3%
3 225228
+1.3%
4 136140
+2.9%
5+ 123123
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
10986-21.1%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

4 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. 77.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
44 Days44 Days-2.1%

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

15 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Boca Raton, FL

There are 736 homes are for sale in Boca Raton, FL real estate market. The inventory of homes for sale in Boca Raton, FL between October 2022 and November 2022 increased by 3.7%. Listings spent 44 days on the market in November 2022, and had a median list price of $719,967 during the same period. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 6.2%, prices of 2 bedrooms properties went up by 17.7%, prices of 3 bedrooms properties went up by 32.4%, 4 bedrooms properties became 31.4% more expensive, the cost of 5 bedrooms properties went down by 3.8%. Volume of homes for sale changed: 1 bedroom homes became 8.8% more available, volume of 2 bedrooms homes went up by 8.3%, volume of 3 bedrooms homes went up by 1.3%, volume of 4 bedrooms homes went up by 2.9%, 5 bedrooms homes inventory did not change. While more than 4 listings in Boca Raton, FL in November 2022 were sold above asking price, there were more than 15 listings sold at asking price, and more than 67 were sold below.

Related Housing Market Reports