Is Boynton Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Beach is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Boynton Beach was a Seller's Market.

Key Takeaway

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

Housing Prices in Boynton Beach, FL

How much do homes in Boynton Beach, FL cost?

Median Sold Price

$414,762

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$25,263(+6.5%)

Key Takeaway

Homes in Boynton Beach have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Boynton Beach was $414,762 in August 2024, up 6.5% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $162.5K$157.5K
-3.1%
2 $294.7K$305.2K
+3.6%
3 $449.7K$469K
+4.3%
4 $663.3K$700K
+5.5%
5+ $880K$950K
+8.0%

Summary: Boynton Beach housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Ocean Ridge
+54.0%
Boynton Beach
+6.5%
Hypoluxo
+1.7%

Housing Supply in Boynton Beach, FL

How many homes are available in Boynton Beach, FL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1,6341,713+4.8%

Summary: The Boynton Beach real estate market had 1,713 homes for sale in August 2024, a 4.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 98107
+9.2%
2 587613
+4.4%
3 751782
+4.1%
4 140152
+8.6%
5+ 5859
+1.7%

Summary: The Boynton Beach housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 1.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
257219-14.8%

Asking Price vs. Sold Price

174 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boynton Beach, you may be able to get a good deal. 79.5% of homes here sold below asking price last month.

Summary: A total of 219 homes were sold or pending in Boynton Beach in August 2024, down by 14.8% month-over-month. Of the 219 sold homes, 79% were sold under asking, 16% were sold at asking, and 5% were sold over asking.

Days on Market for Boynton Beach, FL

How long does it take to sell a home in Boynton Beach, FL?

Average Sale Time

Aug 2023Aug 2024CHANGE
41 Days59 Days+43.2%

Summary: Homes in Boynton Beach had an average of 59 days on market in Aug 2024, up by 43.2% compared to last year.

Breakdown of Home Sale Times

84 Homes Were Sold
Under 30 Days

86 Homes Were Sold
In 30 - 90 Days

49 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boynton Beach has remained consistent over time.

Summary: During August 2024, 219 homes were sold in Boynton Beach; 38% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

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