95 new real estate properties in Boca Raton, Florida have been added to Ofirio in the last 7 days.
Of those new properties:
Boca Raton, Florida has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 3% lower than than the list price. The demand for luxury real estate is lower than the demand for “Under $200k” real estate by 3%. Homes in Boca Raton, Florida are on the market for 90 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the Waterfront segment and it is 1002% ($13,728,517) more than the week prior.
The average closing price for real estate in Boca Raton Florida has fallen by 6% from the last week, which amounted to $1,618,531.
As of January 2023 Boca Raton, FL is a seller market which means homes sell faster at a higher price. In January 2023, 40 homes (17.1%) sold at asking price, 183 homes (78.2%) sold below asking price, and 11 homes (4.7%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 16.2% from $397,500 in January 2022 to $461,750 in January 2023. The number of homes sold in Boca Raton, FL has decreased by 43.6% over the last year from 365 in January 2022 to 206 homes in January 2023.
Homes in Boca Raton, FL have sold for 11.8% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $285.