Is Boynton Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Beach is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Boynton Beach was a Seller's Market.

Key Takeaway

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

Housing Prices in Boynton Beach, FL

How much do homes in Boynton Beach, FL cost?

Median Sold Price

$415,136

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,020(+4.8%)

Key Takeaway

Homes in Boynton Beach have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Boynton Beach was $415,136 in October 2024, up 4.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155.5K$160K
+2.9%
2 $299.3K$301.7K
+0.8%
3 $450K$469.9K
+4.4%
4 $675K$700K
+3.7%
5+ $872.5K$971.5K
+11.3%

Summary: Boynton Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

Hypoluxo
+14.1%
Boynton Beach
+4.8%

Housing Supply in Boynton Beach, FL

How many homes are available in Boynton Beach, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,5861,779+12.2%

Summary: The Boynton Beach real estate market had 1,779 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 107120
+12.1%
2 536613
+14.4%
3 739817
+10.6%
4 150167
+11.3%
5+ 5462
+14.8%

Summary: The Boynton Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 14.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
168218+29.8%

Asking Price vs. Sold Price

184 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boynton Beach, you may be able to get a good deal. 84.4% of homes here sold below asking price last month.

Summary: A total of 218 homes were sold or pending in Boynton Beach in October 2024, up by 29.8% month-over-month. Of the 218 sold homes, 84% were sold under asking, 9% were sold at asking, and 7% were sold over asking.

Days on Market for Boynton Beach, FL

How long does it take to sell a home in Boynton Beach, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days68 Days+91.8%

Summary: Homes in Boynton Beach had an average of 68 days on market in Oct 2024, up by 91.8% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

64 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Boynton Beach has remained consistent over time.

Summary: During October 2024, 218 homes were sold in Boynton Beach; 34% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

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