South Florida

Boca Raton, FL

Single-Family Homes

Real Estate Market Reports


Boca Raton, FL

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. 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

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.

Boca Raton, FL

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. 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

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.

Real-Time Market Profile

Never miss important changes in the Boca Raton market.
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.

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
$6,372,500 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