Boca Raton median home price and housing market 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, including the median sale price. Metro figures cover the wider region. The typical home value is Zillow’s mid-market index for Boca Raton itself; the 5-year change is +33.3%.
What the price trend shows
The August figures tell a four-part story, and the latest part is a modest recovery rather than a new boom.
2016 to 2020: slow growth
Zillow's typical value rose from $307,094 in August 2016 to $358,367 in August 2020, a gain of about 17% over four years.
2020 to 2022: the jump
Between August 2020 and August 2022 the typical value climbed about 56%, to $560,698. Most of the ten-year gain happened in those two years.
2022 to 2024: a plateau
Growth then flattened, and values peaked at $583,222 in August 2024.
2025 to 2026: a dip and a partial recovery
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%, and over five years 33.3%.
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.
Sale speed, price cuts and inventory
Zillow publishes speed and supply figures for the Miami metro, which includes Palm Beach County, rather than for Boca Raton alone. Treat them as the regional backdrop.
Inventory
For-sale inventory was 48,328 listings in August 2026, down about 14.3% from 56,417 a year earlier. Fewer listings means less choice than a year ago, though still far more than in 2021 and 2022.
Days to pending
The typical listing took 98 days to go under contract, against 97 a year earlier. More than three months to go pending, before closing, is slow by recent standards.
Sale-to-list ratio and price cuts
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%, and 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 a long time 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.
Differences by ZIP code and neighborhood
The city-wide number hides a wide split.
Fastest-rising neighborhoods
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%
Flat or falling areas
At the other end, Sandalfoot Cove fell 1.7% to $352,707 and Boca Pointe slipped 0.5% to $518,765.
By ZIP code
Every residential ZIP rose, but by very different amounts: 33496 gained 13.2% to $1,053,347, 33432 and 33486 each gained 6.4%, and 33433 and 33428 rose only 0.8% and 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.
Condos, luxury homes and new construction
Zillow's city figure blends every home type. The three segments below behave differently, so price each one on its own sales.
Condos
Older condo buildings face Florida's milestone inspection rules: buildings of three habitable stories or more need an inspection by the end of the year they turn 30, or 25 where local officials require it, then every 10 years, plus a structural integrity reserve study. The cost of repairs and reserve funding feeds straight into fees and prices. ZIP 33434, with many older condos, had the lowest typical value at $254,999. Our Boca Raton condo guide covers what to ask for.
Luxury and estate homes
The top end has been the strongest part of the market. Zillow's Royal Palm neighborhood was $7,041,067, up 9.7%, Woodfield $2,127,056, up 18.0%, and 33432, covering downtown and the beach, $1,069,242, up 6.4%. See the gated communities guide for club costs that come with many of these homes.
New construction
New supply is concentrated along Lyons Road in west Boca. Local reporting in May 2026 put GL Homes' planned total there at roughly 1,000 homes, combining Lotus Edge with a newly approved 322-home project to the east, and GL Homes lists Lotus Edge collections from $1.7M. The new construction guide lists active communities.
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.
Is now a good time to buy a home in Boca Raton?
It can be, if the numbers work for you and you negotiate on data. Values are up 3.7% in a year but still just under the 2024 peak, and at the metro level homes take 98 days to go pending and sell a few percent below list. Rates at 7.03% are the main headwind.
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.
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. Our cost of living guide breaks them down.
Is now a good time to sell a home in Boca Raton?
Prices are higher than a year ago and inventory is lower, which helps. But buyers still have time and leverage, so a well-priced home matters more than timing.
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. If speed matters more than price, see selling your house fast in Boca Raton.
What could move the market next
We don't forecast prices. These are the sourced factors to watch over the next year.
Mortgage rates
Freddie Mac's 30-year average of 7.03% is 0.73 points higher than a year earlier. A sustained move either way changes what buyers can borrow.
The November 2026 property tax vote
Amendment 3, on the November 2026 ballot, needs 60% approval. If it passes, the non-school homestead exemption would rise to $150,000 in 2027 and $250,000 in 2028, and the cap on non-homestead assessment increases would drop from 10% to 5%. That would change carrying costs for owners and second-home buyers.
New supply in west Boca
Nearly 1,000 GL Homes houses planned along Lyons Road will add choice at the top of the new-home market over the next few years.
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.
Is now a good time to buy a house in Boca Raton?+
It depends on your budget and timeline, but conditions give buyers some leverage. Zillow's typical value of $576,824 in August 2026 was still about 1% below the 2024 peak, and across the Miami metro homes took about 98 days to go under contract and sold for about 95.7% of list price. The main headwind is Freddie Mac's 7.03% average 30-year rate.
How long does it take to sell a house in Boca Raton?+
Zillow publishes speed figures for the Miami metro rather than Boca Raton alone. In August 2026 the typical listing took 98 days to go under contract, against 97 a year earlier, and closing usually adds several more weeks. Check recent days on market for homes like yours, since speed varies by area and price.
Sources
- Zillow Research: Home Value Index, neighborhood, ZIP and metro market data, August 2026
- Freddie Mac: Primary Mortgage Market Survey, September 24, 2026
- Florida DBPR: Milestone inspections and structural integrity reserve studies
- Hoodline: GL Homes lines Lyons Road with nearly 1,000 homes (May 2026)
- GL Homes: Lotus Edge, luxury living in Boca
- Florida Policy Institute: Amendment 3 ballot language summary
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Antonio Roberts
Antonio Roberts has spent five years helping more than 500 Florida buyers and sellers choose the right real estate agent. He is not a real estate agent himself: he researches what matters in a Florida move and connects people with licensed local agents, free of charge.
Reviewed by a licensed Florida real estate agent. Before publication, this guide was checked for accuracy by a licensed Florida real estate agent on our team. It is general information, not legal, tax or financial advice.
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