Boca Raton, FL 33498 Real Estate Market Report

ZIP Code: 33498
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

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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 approximately 6.3% compared to the 5.9% market average observed earlier in 2026, indicating that property owners in this market currently hold more favorable financing terms than those available today.

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 neighborhood's median sold price is 739,999, which serves as the primary indicator of current market value and recent transaction activity; prices are trending up on a year‑over‑year basis, suggesting modest appreciation pressure.

2. The gap between the median listing price of 780,000 and the median sold price of 739,999 suggests pricing friction where seller expectations may exceed realized transaction levels, which may require targeted pricing or staged marketing to close; treat this as cautious seller expectation dynamics.

3. The median days on market is 402, indicating slower transaction velocity and extended marketing windows—this longer time-to-sale appears consistent with a slower sales pace despite balanced underlying demand.

4. Rental fundamentals show a median market rent of 5,100 with rent trends up, supporting sustained investor and tenant interest; however, moderate interest rate pressure (current 30‑year fixed rates ~6.3% vs. a 5.9% earlier 2026 market average) suggests financing remains a material consideration for buyers and investors.

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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.