Single-Family Homes
Mon Jun 05 2023
This week the median list price for Boca Raton, FL is $1,595,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 577.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $1,595,000 | |
Median Price of New Listings | $1,024,000 | |
Per Square Foot | $514 | |
Average Days on Market | 121 | |
Median Days on Market | 70 | |
Price Decreased | 39% | |
Price Increased | 4% | |
Relisted | 10% | |
Inventory | 577 | |
Median Rent | ||
Market Action | 37 | |
Slight Seller's Advantage |
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$6,372,500 | 6,192 | 0.25 - 0.5 acre | 5 | 6.5 | 18 | 6 | 4 | 147 |
$2,395,000 | 3,706 | 0.25 - 0.5 acre | 5 | 4.5 | 32 | 10 | 7 | 70 |
$1,100,000 | 2,515 | 8,000 - 10,000 sqft | 4 | 3 | 36 | 17 | 13 | 49 |
$665,000 | 1,816 | 6,500 - 8,000 sqft | 3 | 2 | 38 | 21 | 11 | 42 |