SINGLE-FAMILY HOME SALES OVERVIEW
The median closed sale price for single-family homes in Boca Raton in May 2019 was $445,000 with 226 sold listings. This is 1% lower than the previous month’s median price of $450,000. The days-on-market average and sale-to-list price ratio stayed the same at 82 days and 96%, respectively.
|Total Homes Sold: 226||Highest Sale Price: $12,603,000||Avg. Days on Market: 82|
|Avg. Sale Price: $763,411||Median Sale Price: $445,000||Sale-to-List Price Ratio: 96%|
CONDO/CO-OP/VILLA/TOWNHOUSE SALES OVERVIEW
In May 2019, the total number of sold listings increased 8% to 261 units while the median closed sale price decreased 0.9% to $217,000 compared to the previous month. Sold listings were on the market an average of 77 days and the sale-to-list price ratio remained at a median of 4% below asking price.
|Total Units Sold: 261||Highest Sale Price: $5,805,000||Avg. Days on Market: 77|
|Avg. Sale Price: $306,796||Median Sale Price: $217,000||Sale-to-List Price Ratio: 96%|
The median is the midpoint value in the range. Compared to the average value, the median is not sensitive to extremely high sale prices for a small number of homes in the area.
At Parkland Realty Group, we post a Monthly Real Estate Market Report with total homes sold, sale prices, days on market and more. This overview of recent sales activity is helpful for those who are in the market to sell or buy real estate in Boca Raton, or who want to keep an eye on home values in the area.