February 2025
Boca Raton Market Stats
The Boca Raton housing market in February 2025 showed varied trends between single-family homes and townhouse/condo properties. While home prices continued to climb, sales activity slowed, and inventory expanded, giving buyers more choices across the board.
Boca Raton Single-Family Home
Closed Sales: 53 homes sold, down 20% from February 2024.
Median Sales Price: Increased 12% year-over-year to $1,250,000, showing strong demand for luxury properties.
Active Inventory: Rose 2.1% to 385 homes, offering buyers slightly more options.
Months Supply of Inventory: Unchanged at 5.2 months, indicating a balanced market between buyers and sellers.
New Listings: Decreased 5% to 114, limiting new inventory entering the market.
New Pending Sales: Dropped 11% to 81, signaling a slowdown in buyer activity.
Boca Raton’s single-family home market in February reflected a higher median price despite fewer sales and new listings. Stable inventory levels and steady months of supply point to a balanced market, with continued demand in the luxury price range.
Boca Raton Townhouses and Condos
Closed Sales: 52 townhouse/condo units sold, down 3.7% from last year.
Median Sales Price: Fell 18% year-over-year to $437,500.
Active Inventory: Increased 20% to 632 units, giving buyers more selection.
Months Supply of Inventory: Expanded to 9.6 months, up 7.3 months from last year, signaling a shift toward a buyer’s market.
New Listings: Rose 5.6% to 150, adding more options to the market.
New Pending Sales: Declined 28% to 74, reflecting reduced buyer demand.
The townhouse and condo market in Boca Raton saw prices pull back in February, while inventory climbed sharply. With nearly 10 months of supply, buyers now have more leverage and choices, though fewer pending sales show a more cautious approach in this segment.
