Boca Raton housing market: the numbers
| Month | Typical Boca Raton home value | Change on prior year |
|---|---|---|
| August 2026 | $576,800 | +3.7% |
| August 2025 | $556,300 | −4.6% |
| August 2024 | $583,200 | +2.3% |
| August 2023 | $569,900 | +1.6% |
| August 2022 | $560,700 | +29.6% |
| August 2021 | $432,600 | +20.7% |
| August 2020 | $358,400 | +3.7% |
| August 2019 | $345,500 | +2.6% |
| August 2018 | $336,900 | +4.4% |
| August 2017 | $322,500 | +5.0% |
| August 2016 | $307,100 | n/a |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted) and Zillow metro market data for the Miami–Fort Lauderdale–West Palm Beach metro. Metro figures cover the wider region.
What the price trend shows
The August figures tell a three-part story. From 2016 to 2020 values rose slowly, from $307,094 to $358,367. Then they jumped: between August 2020 and August 2022 Zillow's typical value climbed about 56%, to $560,698. Growth then flattened and peaked at $583,222 in August 2024.
In the year to August 2025, values fell about 4.6% to $556,308. The latest 3.7% gain has recovered most of that, but the August 2026 figure of $576,824 is still about 1% below the 2024 peak. Over the full ten years the typical value is up about 88%.
For you, that means the market isn't running away in either direction. Prices look steady, not falling, while buyers have more choice than they did in 2021 and 2022.
Where prices moved most in Boca Raton
The city-wide number hides a wide split. In Zillow's neighborhood data for August 2026, several club and estate areas rose far faster than the city as a whole:
- Boca West: $509,521, up 18.9%
- Woodfield: $2,127,056, up 18.0%
- University Park: $1,096,174, up 15.8%
- Boca Grove Plantation: $1,693,193, up 15.7%
- Boca Woods: $824,197, up 14.5%
At the other end, Sandalfoot Cove fell 1.7% to $352,707 and Boca Pointe slipped 0.5% to $518,765. By ZIP code, 33496 rose 13.2% while 33433 rose 0.8% and 33428 rose 1.4%. The Boca Raton ZIP code guide breaks those down area by area.
A neighborhood figure can swing more than a city figure because fewer homes sell. Use these as a direction of travel, then ask a local agent for closed sales of the same home type. If you're looking at these communities, see our guides to Boca West and Woodfield Country Club.
Inventory, days to pending and price cuts
Zillow publishes speed and supply figures for the Miami metro, which includes Palm Beach County, rather than for Boca Raton alone. In August 2026:
- For-sale inventory was 48,328 listings, down about 14.3% from 56,417 a year earlier.
- The typical listing took 98 days to go under contract, against 97 a year earlier.
- Homes sold for about 95.7% of list price, up slightly from 95.3%.
- About 18.9% of listings had a price cut, down from 21.5%.
- Zillow's metro median sale price was $491,667, up from $478,333.
Taken together, supply has tightened and fewer sellers are cutting, but homes still take more than three months to go pending and the typical sale closes below list. That is a balanced market, with room for a buyer to negotiate on a home that has sat.
How mortgage rates fit in
Freddie Mac's 30-year fixed average was 7.03% in the week of September 24, 2026, up from 6.95% the week before and 0.73 points higher than a year earlier. Higher rates cut the loan a monthly budget can carry, which helps explain why homes sit longer even as inventory falls. Our Boca Raton cost of living guide shows the monthly payment on a typical home at 10% and 20% down, plus taxes and insurance.
What this market means for buyers
- Check days on market for each home. With 98 days typical at the metro level, a listing well past that is a fair place to open below asking.
- Compare condo budgets carefully. In a building, the reserve and inspection position can matter more than the price. Our Boca Raton condo guide covers what to ask for.
- Separate the club areas. The fastest-rising communities may leave less room to negotiate than the city average suggests.
- Get costs, not just price. HOA dues, club fees and insurance vary a lot between two homes at the same price.
What this market means for sellers
- Price to the comps, not the 2024 peak. The city-wide value is still just under its August 2024 level, and buyers can see how long homes are taking.
- Plan for the timeline. A 98-day metro average to go pending, plus closing, means months, not weeks.
- Expect a gap to list price. Sale-to-list near 95.7% means a typical buyer pays a few percent under asking.
- Run your net number early. Use the seller net proceeds calculator and the Boca Raton home value page before you set a price.
Common questions
Are home prices going down in Boca Raton?+
Not in the latest data. Zillow's typical Boca Raton home value was $576,824 in August 2026, up 3.7% from a year earlier. Values did fall about 4.6% in the year to August 2025, and the current figure is still about 1% below the August 2024 peak of $583,222, so the market has recovered most, but not all, of that dip.
Is Boca Raton a buyer's or seller's market in 2026?+
The numbers point to a balanced market. Across the Miami metro in August 2026, homes took about 98 days to go under contract and sold for about 95.7% of list price, while inventory was down 14.3% from a year earlier and fewer listings had price cuts. Conditions vary by community, so check recent sales for the homes you're comparing.
What is the typical home value in Boca Raton?+
Zillow's typical home value for Boca Raton was $576,824 in August 2026. That figure covers all home types, including condos. ZIP-level values ranged from $254,999 in 33434 to $1,069,242 in 33432, so the right number for you depends heavily on the area and type of home.
Which Boca Raton neighborhoods rose most in value?+
In Zillow's August 2026 neighborhood data, Boca West rose 18.9%, Woodfield 18.0%, University Park 15.8%, Boca Grove Plantation 15.7% and Boca Woods 14.5%. Sandalfoot Cove fell 1.7% and Boca Pointe fell 0.5%. Small neighborhoods can swing more from year to year because fewer homes sell.