Is Boca Raton, FL 33487 a buyer’s or seller’s market?

The Boca Raton housing market right now

In the three months ending August 31, 2026, 4% of homes in Boca Raton, FL 33487 sold above their list price, the typical home went under contract in 101 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 145 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (2% then), homes sold more slowly (96 days then) and the median sale price rose 15% to $809,650. Overall, Boca Raton is about as competitive as it was a year ago.

Within Palm Beach County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Boca Raton ranks #722 of 796 FL ZIP codes with enough sales (score 6 out of 100).

Nearby, buyers who want less competition could look at Pahokee 33476 (0% sold over asking) or Boca Raton 33432 (0% sold over asking), while South Bay 33493 (25% sold over asking) and West Palm Beach 33406 (19% sold over asking) are even more competitive.