Is Boca Pointe, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boca Pointe is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Boca Pointe, FL

How much do homes in Boca Pointe, FL cost?

Median Sold Price

$565,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+5.6%)

Key Takeaway

Homes in Boca Pointe have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Boca Pointe was $565,000 in November 2024, up 5.6% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$235K
-17.5%
2 $408K$385K
-5.6%
3 $613.5K$620K
+1.1%
4 $990K$899K
-9.2%
5+ $1.2M$1.7M
+34.6%

Summary: Boca Pointe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 34.6%.

Housing Supply in Boca Pointe, FL

How many homes are available in Boca Pointe, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7881+3.8%

Summary: The Boca Pointe real estate market had 81 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 2122
+4.8%
3 4849
+2.1%
4 77
0.0%
5+ 22
0.0%

Summary: The Boca Pointe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boca Pointe, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Boca Pointe in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Boca Pointe, FL

How long does it take to sell a home in Boca Pointe, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
77 Days62 Days-19.1%

Summary: Homes in Boca Pointe had an average of 62 days on market in Nov 2024, down by 19.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boca Pointe has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Boca Pointe; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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