Single-Family Homes
Sun Aug 25 2024
This week the median list price for Boynton Beach, FL is $573,250 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 588.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Median List Price | $573,250 | |
Median Price of New Listings | $537,000 | |
Per Square Foot | $294 | |
Average Days on Market | 86 | |
Median Days on Market | 56 | |
Price Decreased | 51% | |
Price Increased | 2% | |
Relisted | 8% | |
Inventory | 588 | |
Median Rent | ||
Market Action | 35 | |
Slight Seller's Advantage |
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,075,000 | 2,736 | 8,000 - 10,000 sqft | 4 | 3 | 19 | 11 | 13 | 70 |
$649,000 | 2,180 | 6,500 - 8,000 sqft | 3 | 2.5 | 26 | 14 | 17 | 42 |
$529,000 | 1,884 | 4,500 - 6,500 sqft | 3 | 2 | 26 | 16 | 8 | 49 |
$395,000 | 1,428 | 4,500 - 6,500 sqft | 3 | 2 | 41 | 17 | 17 | 56 |