Is Boca Raton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Boca Raton was a Seller's Market.
Housing Prices in Boca Raton, FL
How much do homes in Boca Raton, FL cost?
Median Sold Price
$626,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Boca Raton was $626,500 in June 2024, up 5.3% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | $170K | +11.1% |
2 Bedrooms | $327.9K | $325K | -0.9% |
3 Bedrooms | $651.3K | $650K | -0.2% |
4 Bedrooms | $901K | $1.0M | +11.1% |
5+ Bedrooms | $2.2M | $2.4M | +9.1% |
Summary: Boca Raton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $310K | $328.1K | +5.9% |
Boca Raton | $594.8K | $626.5K | +5.3% |
Boynton Beach-Delray Beach | $376.1K | $395.5K | +5.2% |
Highland Beach | $898K | $925K | +3.0% |
Delray Beach | $363.8K | $357.3K | -1.8% |
Housing Supply in Boca Raton, FL
How many homes are available in Boca Raton, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,350 | 2,386 | +1.5% |
Summary: The Boca Raton real estate market had 2,386 homes for sale in June 2024, a 1.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 136 | 146 | +7.4% |
2 Bedrooms | 897 | 918 | +2.3% |
3 Bedrooms | 695 | 658 | -5.3% |
4 Bedrooms | 316 | 343 | +8.5% |
5+ Bedrooms | 306 | 321 | +4.9% |
Summary: The Boca Raton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
402 | 336 | -16.4% |
Asking Price vs. Sold Price
280 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 336 homes were sold or pending in Boca Raton in June 2024, down by 16.4% month-over-month. Of the 336 sold homes, 83% were sold under asking, 11% were sold at asking, and 5% were sold over asking.
Days on Market for Boca Raton, FL
How long does it take to sell a home in Boca Raton, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
50 Days | 64 Days | +27.9% |
Summary: Homes in Boca Raton had an average of 64 days on market in Jun 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
152 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
77 Homes Were Sold
Over 90 Days
Summary: During June 2024, 336 homes were sold in Boca Raton; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.