Boca Raton, FL 33487 Real Estate Market Report

ZIP Code: 33487
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Boca Raton, FL (ZIP: 33487) is currently characterized by a median sold price of $880,500, reflecting a stable market environment. Although specific historical sold price change data is not available, the market has shown signs of up trends in pricing year-over-year, indicating a positive trajectory in property values. This suggests that despite the median listing price of $1,524,000, which is significantly higher than the sold price, there may be pricing friction as sellers adjust expectations to align with buyer realities.

Transaction activity appears moderate, with 377 days as the median days on market, indicating slower sales velocity. The current inventory conditions reveal elevated inventory levels, suggesting excess supply relative to sales activity. This dynamic may create opportunities for buyers, while sellers may need to be strategic in their pricing to attract interest in a balanced market.

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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 6.6% compared to 5.5% when loans originated in early 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. $880,500 is the median sold price, reflecting a stable market despite elevated listing prices.

2. 377 days as the median days on market indicates slower sales velocity, suggesting a need for strategic pricing by sellers.

3. The median listing price of $1,524,000 shows significant pricing friction compared to the median sold price, which may affect buyer engagement.

4. Year-over-year trends indicate prices are up, suggesting a strengthening market despite current inventory levels.

5. The market temperature is neutral, indicating a balanced environment where both buyers and sellers may find opportunities.

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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.