$9,369 Closing Credit*
$789,000
2,330 SqFt
3 Beds
•2 Full Baths, 1 Partial
Edy Pyles, Listing Office: Casalina Realty Inc
Is Boca Raton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Boca Raton was a Seller's Market.
Key Takeaway
Boca Raton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Boca Raton, FL
How much do homes in Boca Raton, FL cost?
Median Sold Price
$631,981
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,593(+7.0%)
Key Takeaway
Homes in Boca Raton have sold for 7% more than they did a year ago.
Summary: The median home sold price in Boca Raton was $631,981 in October 2024, up 7% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161K | $155K | -3.7% |
| 2 Bedrooms | $325.6K | $320K | -1.7% |
| 3 Bedrooms | $650K | $650K | 0.0% |
| 4 Bedrooms | $908K | $1.0M | +20.9% |
| 5+ Bedrooms | $2.1M | $2.4M | +13.3% |
Summary: Boca Raton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
| Highland Beach | $900K | $985K | +9.4% |
| Boca Raton | $590.3K | $631.9K | +7.0% |
| Boynton Beach-Delray Beach | $379.1K | $399.7K | +5.4% |
| Deerfield Beach | $320K | $335.1K | +4.7% |
| Delray Beach | $357.9K | $373.7K | +4.4% |
Housing Supply in Boca Raton, FL
How many homes are available in Boca Raton, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,132 | 2,215 | +3.9% |
Summary: The Boca Raton real estate market had 2,215 homes for sale in October 2024, a 3.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 114 | 124 | +8.8% |
| 2 Bedrooms | 826 | 853 | +3.3% |
| 3 Bedrooms | 616 | 651 | +5.7% |
| 4 Bedrooms | 284 | 287 | +1.1% |
| 5+ Bedrooms | 292 | 300 | +2.7% |
Summary: The Boca Raton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 294 | 232 | -21.1% |
Asking Price vs. Sold Price
193 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boca Raton, you may be able to get a good deal. 83.2% of homes here sold below asking price last month.
Summary: A total of 232 homes were sold or pending in Boca Raton in October 2024, down by 21.1% month-over-month. Of the 232 sold homes, 83% were sold under asking, 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 74 Days | +72.8% |
Summary: Homes in Boca Raton had an average of 74 days on market in Oct 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
74 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boca Raton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 232 homes were sold in Boca Raton; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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