Boca Raton, FL 33498 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The neighborhood's primary market value indicator is the median sold price — $507,450 — which reflects recent transaction activity and should be treated as the representative recent sale level; this anchors valuation expectations.
2. There is a pronounced spread between the median listing price — $780,000 and the median sold price — $507,450, which suggests seller asking prices are materially higher than completed transactions and may indicate pricing friction between sellers and buyers.
3. The market is showing slower sales velocity as indicated by the median days on market — 376; this extended time to contract appears consistent with a neutral market temperature and may require sellers to price more competitively or offer concessions to accelerate transactions.
4. Interest rate pressure is elevated and, combined with rising rents (median market rent $4,800 and rent year-over-year trend up), suggests mortgage affordability headwinds are moderating buyer urgency while rental demand may remain supportive for investors; monitor rate movements closely because current financing costs (about 6.46% 30-year fixed locally) may further constrain some buyer segments.

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.