Is Boynton Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Boynton Beach has remained a Seller's Market.
Key Takeaway
Boynton Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Boynton Beach, FL cost?
Median Sold Price
$387,441
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Boynton Beach have sold for 20% more than they did a year ago.
Summary: The median home sold price in Boynton Beach was $387,441 in August 2023, up 20% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $167K | +28.4% |
| 2 Bedrooms | $258.7K | $295.7K | +14.3% |
| 3 Bedrooms | $410.1K | $449.1K | +9.5% |
| 4 Bedrooms | $524.9K | $665.2K | +26.7% |
| 5+ Bedrooms | $857.5K | $900K | +5.0% |
Summary: Boynton Beach housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Boynton Beach | $322.8K | $387.4K | +20.0% |
| Hypoluxo | $380K | $359.9K | -5.3% |
Housing Supply
How many homes are available in Boynton Beach, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 1,190 | 1,234 | +3.7% |
Summary: The Boynton Beach real estate market had 1,234 homes for sale in August 2023, a 3.7% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 81 | 86 | +6.2% |
| 2 Bedrooms | 414 | 445 | +7.5% |
| 3 Bedrooms | 519 | 529 | +1.9% |
| 4 Bedrooms | 119 | 121 | +1.7% |
| 5+ Bedrooms | 57 | 53 | -7.0% |
Summary: The Boynton Beach housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 244 | 256 | +4.9% |
Asking Price vs. Sold Price
178 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boynton Beach, you may be able to get a good deal. 69.5% of homes here sold below asking price last month.
Summary: A total of 256 homes were sold or pending in Boynton Beach in August 2023, up by 4.9% month-over-month. Of the 256 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market
How long does it take to sell a home in Boynton Beach, FL?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 20 Days | 40 Days | +98.1% |
Summary: Homes in Boynton Beach had an average of 40 days on market in Aug 2023, up by 98.1% compared to last year.
Breakdown of Home Sale Times
152 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boynton Beach are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 256 homes were sold in Boynton Beach; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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