Boca Raton, FL 33487 Real Estate Market Report

ZIP Code: 33487
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boca Raton, FL, are averaging 6.3%, reflecting a market where borrowing costs remain elevated compared to the sub-6% levels seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator, the median sold price, is $809,000, which reflects recent transaction-level value and corresponds with a up price trend year-over-year.

2. Liquidity appears muted: the median days on market is 513, consistent with slower sales velocity and suggesting buyers have increased negotiation leverage while transactions continue at a moderate pace; the market temperature remains neutral rather than decisively one-sided.

3. Seller expectations show a separation from recent transactions: the median listing price is $1,675,000, which may create pricing friction against the median sold price and is occurring alongside a representative sample that indicates relatively constrained active supply and balanced transaction conditions neutral market temperature.

4. Macro headwinds are present for affordability despite strengthening rents: median market rent is $3,250, median price per square foot is 420, and interest rate pressure is elevated, reflecting an environment where borrowing costs (around 6.3% on a 30-year fixed) may temper buyer activity even as rents trend up.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Boca Raton, FL 33487 Real Estate Market Report

ZIP Code: 33487
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boca Raton, FL, are averaging 6.3%, reflecting a market where borrowing costs remain elevated compared to the sub-6% levels seen earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $549,990 median sold price is the primary indicator of market value and recent transaction activity in 33487; this level, together with a $539,000 median listing price, suggests modest seller optimism but sold transactions are the definitive signal of clearing prices, not asking prices. up

2. Despite price momentum, the market shows slower sales velocity—584 median days on market—which appears to indicate prolonged listing periods and greater opportunity for buyer negotiation rather than rapid turnover; this pace may reflect pricing friction or careful buyer selection. elevated

3. Price and rent trends are both positive: the price year-over-year trend is up and the rent year-over-year trend is up, supporting continued demand from renters and owners while signaling steady appreciation potential; treat these trends as supportive but not accelerating given the neutral market temperature. up

4. Interest rate pressure is a meaningful headwind: reported borrowing costs show current 30-year fixed mortgage rates averaging 6.3%, and the explicit characterization of interest rate pressure as elevated suggests financing remains a constraint on buyer purchasing power even as prices inch higher. elevated

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.