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Boca Raton

Why you'd want to live in Boca Raton

Boca Raton, the second largest city in the Palm Beaches, is a community where history and innovation come together. Influenced by the notable architect, Addison Mizner, Boca Raton was built around an elegant Mediterranean Revival style that later grew into a vibrant city full of rich art and culture. From live concerts and international art exhibits to outdoor festivals and world-class museums, Boca Raton's dynamic cultural scene offers unique experiences for all ages. Boca Raton has five miles of beautiful Atlantic coastline and 46 parks with 1,650 acres of recreational space to encourage a healthy and active lifestyle. One of the first cities in the U.S. to adopt a tree protection ordinance, the City of Boca Raton boasts landscapes with endless nature trails, green spaces and waterfront activities. Boca Raton also has a thriving business community that was pioneered from the development of the personal computer (PC) at the Boca Raton-based IBM campus in 1967. Today, over 30 corporate headquarters, from innovative startups to large corporations, call the City of Boca Raton home. The Boca Raton Airport offers a customs facility that welcomes travelers from all over the world, conveniently putting them minutes away from business centers, entertainment, world-class dining and one of South Florida’s top luxury shopping malls that features a mix of upscale specialty shops and department stores. Boca Raton has three nationally ranked universities and an abundance of A-rated public and private K-12 schools that ingrain education, research and innovation into the community. With a homegrown, educated workforce to build from, entrepreneurs and startups thrive in Boca Raton’s climate. A true “full service” city, Boca Raton is consistently recognized for being one of the safest cities to live in and for having one of the lowest property tax rates for a full-service city in Florida. The City of Boca Raton offers a unique and unparalleled quality of life you can only truly experience when you are here. Welcome home.

Boca Raton Market Report

$477,764

AVERAGE PRICE OF 17 DISTRESSED HOMES

$6,673,525

AVERAGE PRICE OF 154 NEWLY BUILT HOMES

$889,602

AVERAGE PRICE OF 150 REDUCED PRICE HOMES

Average Home

Average Price n/a
Avg Bedrooms 2.77 beds
Avg Bathrooms 2.6 baths

Average Price by Bedrooms

1 bedroom $256,217
2 bedrooms $472,997
3 bedrooms $1,015,326
4 bedrooms $1,694,996
5 bedrooms $3,363,041
Boca Raton Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 364 366 360 359 349
Average Price $867,039 $897,867 $921,138 $869,443 $861,473
Avg Price Change -3.56% -2.59% +5.95% +0.93% -8.75%
Median Price $453,453 $476,261 $475,436 $468,937 $468,225
Med Price Change -5.03% +0.17% +1.39% +0.15% -3.42%
Avg Bedrooms 2.61 beds 2.62 beds 2.61 beds 2.6 beds 2.62 beds
Avg Bathrooms 2.18 baths 2.19 baths 2.2 baths 2.18 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Boca Raton Community 59 $1,320,653 33 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,780 n/a 43 days
Distressed Homes 17 $477,764 24 days
Multi-Million Dollar Homes 878 n/a 58 days
Newly Built Homes 154 $6,673,525 55 days
Homes with a Pool 1,236 n/a 42 days
Reduced Price Homes 150 $889,602 33 days
Doug Campion - Re/Max 1st Choice
5080 PGA Boulevard
Palm Beach Gardens, FL 33418
561-339-6969
UP5DB701E1507748.jpg
Michael Reed
Mortgage Advisor
NMLS-60135
951 Yamato Road Suite 150
Boca Raton, FL
Office: (855) 762-2735
mreed@financeofamerica.com

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