$9,488 Closing Credit*
$799,000
2,470 SqFt
3 Beds
•2 Full Baths, 1 Partial
Samantha Bender, Listing Office: Lang Realty/ BR
Is Boca Raton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$635,319
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,229(+7.3%)
Key Takeaway
Homes in Boca Raton have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Boca Raton was $635,319 in November 2024, up 7.3% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | $155K | -5.2% |
| 2 Bedrooms | $325K | $320K | -1.5% |
| 3 Bedrooms | $645.9K | $656.2K | +1.6% |
| 4 Bedrooms | $920.5K | $1.0M | +19.5% |
| 5+ Bedrooms | $2.1M | $2.4M | +13.1% |
Summary: Boca Raton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Highland Beach | $898K | $1.0M | +15.8% |
| Boca Raton | $592K | $635.3K | +7.3% |
| Delray Beach | $351.7K | $373.6K | +6.2% |
| Boynton Beach-Delray Beach | $377.2K | $399.5K | +5.9% |
| Deerfield Beach | $326.8K | $339K | +3.7% |
Housing Supply in Boca Raton, FL
How many homes are available in Boca Raton, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,100 | 2,269 | +8.0% |
Summary: The Boca Raton real estate market had 2,269 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 114 | 133 | +16.7% |
| 2 Bedrooms | 790 | 870 | +10.1% |
| 3 Bedrooms | 627 | 660 | +5.3% |
| 4 Bedrooms | 278 | 295 | +6.1% |
| 5+ Bedrooms | 291 | 311 | +6.9% |
Summary: The Boca Raton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 260 | 169 | -35.0% |
Asking Price vs. Sold Price
146 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 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. 86.4% of homes here sold below asking price last month.
Summary: A total of 169 homes were sold or pending in Boca Raton in November 2024, down by 35.0% month-over-month. Of the 169 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 54 Days | +15.1% |
Summary: Homes in Boca Raton had an average of 54 days on market in Nov 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
34 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 November 2024, 169 homes were sold in Boca Raton; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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