Boca Raton, FL 33498 Real Estate Market Report

ZIP Code: 33498
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Boca Raton, FL (ZIP: 33498) is characterized by a median sold price of $747,450, reflecting a robust demand despite a backdrop of elevated inventory levels. The market has shown a year-over-year price trend that is up, indicating a continued appreciation in property values. This increase suggests that buyers are willing to invest at higher price points, likely driven by consistent demand from high-net-worth individuals seeking properties in the area.

Transaction activity appears moderate, with median days on market at 356, indicating a slower sales velocity. This extended time frame may suggest that while buyers are active, they are exercising caution, leading to a more balanced market dynamic. The median listing price stands at $499,999, which presents a notable gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations in response to market conditions.

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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

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.

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Key Findings

1. The median sold price of $747,450 highlights strong demand despite elevated inventory levels.

2. With a median days on market of 356, the market exhibits slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $499,999 indicates a significant gap compared to sold prices, reflecting potential pricing friction.

4. The median market rent at $4,610 shows an up trend year-over-year, indicating a growing rental demand in the area.

5. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

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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.