Maureen Harmonay's Market Report

Boca Raton, FL

Single-Family Homes

Coldwell Banker Realty * 978-502-5800 * Maureen.Harmonay@NEMoves.com



Boca Raton, FL

Thu Feb 06 2025
This week the median list price for Boca Raton, FL is $1,250,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 789. Click here to stay informed with the Boca Raton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Boca Raton, FL

Thu Feb 06 2025
This week the median list price for Boca Raton, FL is $1,250,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has increased to 789. Click here to stay informed with the Boca Raton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Boca Raton market.
Median List Price $1,250,000
Median Price of New Listings $1,014,000
Per Square Foot $481
Average Days on Market 142
Median Days on Market 91
Price Decreased 44%
Price Increased 3%
Relisted 12%
Inventory 789
Median Rent
Market Action 29
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,500,000 5,782 0.25 - 0.5 acre 5 6.5 13 9 8 119
$1,995,000 3,298 8,000 - 10,000 sqft 4 3.5 33 9 13 98
$929,999 2,308 8,000 - 10,000 sqft 4 2.5 37 15 12 91
$614,950 1,677 4,500 - 6,500 sqft 3 2 39 15 21 56