Is Boca Raton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$610,164
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Boca Raton was $610,164 in April 2024, down 0.8% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $165K | +3.1% |
2 Bedrooms | $330K | $325K | -1.5% |
3 Bedrooms | $664.5K | $647.8K | -2.5% |
4 Bedrooms | $950K | $957.7K | +0.8% |
5+ Bedrooms | $2.1M | $2.3M | +6.1% |
Summary: Boca Raton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $300K | $321.5K | +7.2% |
Boynton Beach-Delray Beach | $372.4K | $389.1K | +4.5% |
Boca Raton | $615.3K | $610.1K | -0.8% |
Highland Beach | $951K | $891K | -6.3% |
Delray Beach | $379.9K | $355K | -6.6% |
Housing Supply in Boca Raton, FL
How many homes are available in Boca Raton, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,438 | 2,530 | +3.8% |
Summary: The Boca Raton real estate market had 2,530 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 133 | 144 | +8.3% |
2 Bedrooms | 949 | 999 | +5.3% |
3 Bedrooms | 717 | 741 | +3.3% |
4 Bedrooms | 320 | 314 | -1.9% |
5+ Bedrooms | 319 | 332 | +4.1% |
Summary: The Boca Raton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
342 | 384 | +12.3% |
Asking Price vs. Sold Price
323 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 384 homes were sold or pending in Boca Raton in April 2024, up by 12.3% month-over-month. Of the 384 sold homes, 84% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 65 Days | +44.3% |
Summary: Homes in Boca Raton had an average of 65 days on market in Apr 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
167 Homes Were Sold
Under 30 Days
119 Homes Were Sold
In 30 - 90 Days
98 Homes Were Sold
Over 90 Days
Summary: During April 2024, 384 homes were sold in Boca Raton; 43% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.