South Florida

Boca Raton, FL

Single-Family Homes

Real Estate Market Reports



Boca Raton, FL

Mon Dec 11 2023
This week the median list price for Boca Raton, FL is $1,400,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 715. 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 Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Boca Raton, FL

Mon Dec 11 2023
This week the median list price for Boca Raton, FL is $1,400,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 715. 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 Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Boca Raton market.
Median List Price $1,400,000
Median Price of New Listings $959,900
Per Square Foot $498
Average Days on Market 125
Median Days on Market 70
Price Decreased 44%
Price Increased 4%
Relisted 11%
Inventory 715
Median Rent
Market Action 31
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$6,375,000 6,139 0.25 - 0.5 acre 5 6.5 17 7 5 150
$2,100,000 3,622 0.25 - 0.5 acre 4 4 31 14 14 63
$1,049,000 2,484 8,000 - 10,000 sqft 4 3 36 18 21 56
$649,900 1,758 6,500 - 8,000 sqft 3 2 38 20 28 49