Current Market Snapshot – Boca Raton (Summer 2025)
The Boca Raton housing market remains relatively balanced, with home prices easing slightly while demand remains steady. According to Redfin, the median sale price in July 2025 was about $725,000, reflecting a 3% decline year-over-year. Homes are spending around 93 days on the market—slightly longer than last year—indicating a gradual shift from hyper-competitive conditions of the past.
Meanwhile, Zillow shows a broader perspective across all home types in Boca Raton, with the average home value at approximately $550,339, down 4.3% over the past year. Pending’s are taking about 56 days, reinforcing the sense that buyers now have more breathing room in negotiations.
Then vs. Now: How the Market Compares to 6 Months Ago
Today, the tone has shifted—the market is entering a more balanced phase, with longer list-to-sold timelines and more pricing flexibility.
In January 2025, Boca’s median home price was around $682,500, which had actually increased by 8.5% from the year before.
The longer selling times (78 days vs. 93 today) and higher prices back then suggest it was a much tighter, seller-favored market.
Where Is Boca Raton Headed in the Next 6 Months?
Slower Market, Not Collapse
South Florida is experiencing a normalized slowdown post-pandemic, with broader Palm Beach activity dipping. Sales volume has declined regionally, though luxury listings—especially waterfront homes—continue to sell for strong prices to affluent buyers.
$1M–$3M Market Remains Strong
In Boca, the $1M–$3M range is still the market’s engine. Single-family home sales in this bracket are up 5% year-over-year, with price per square foot jumping from $500 to $525. This segment is competing well, especially for turnkey homes in top school zones.
Slower, But Shoppers are Paying More Attention
Condo sellers—especially those in older buildings—face pressure from new insurance and compliance rules post-Surfside, making some more challenging to sell. Meanwhile, buyers are more discerning, leaning into presentation, updates, and realistic pricing.
Bottom Line for Buyers & Sellers
Buyers: You have room to negotiate. With longer days on market and greater inventory, you’re not chasing deals anymore—especially in the under-$1M market.
Sellers: Price smart, stage well, and highlight upgrades. Attract buyers with quality and readiness.
Luxury Market: Remains resilient. Well-priced luxury listings continue to capture attention—and often sell quickly.
