Boca Raton Real Estate Market Report: April 2026

by Alex Mendel

Boca Raton, FL Real Estate: What the Numbers Say Right Now

March told a good story for Boca Raton real estate. Sales jumped, inventory kept shrinking, and prices climbed 22% from last year. This report is pulled from full March 2026 MLS data. Here’s the honest breakdown.

What you’ll learn:

Why nearly a third of all available homes sold in a single month and what that means for your timing
The $1.7M gap between what sellers are asking and what buyers are actually paying
Why the drop in contracts is less about a cooling market and more about where buyers are hesitating

March 2026 Market Numbers

A single number can’t tell you whether to list, wait, or move fast. The market is more nuanced than that. Here is everything worth knowing from March.

Three worth paying attention to:

The absorption rate hit 30.7%, meaning nearly a third of all available homes sold in one month.
Inventory is down 14% from last year, so there is simply less to choose from.
The average sold price is up 22% year-over-year, which is not a gradual climb.

Inventory and Sales

Homes for sale: 645 (down 14% from last year)
Homes sold: 198 (up 10% from last year)
New listings: 280
Homes under contract: 117
Months of inventory: 3.3

Prices

Average sold price: $1,807,000 (up 22% from last year)
Median sold price: $1,013,000 (up 6% from last year)
Average price per square foot: $603 (up 13% from last year)
Average asking price: $3,571,000

Speed

Average days on market: 63
Homes sold for 93% of their final list price on average
Absorption rate: 30.7%

For Sellers

March was one of the better months I’ve seen in this data going back 15 months. Nearly a third of all available homes sold in a single month. The average days on market was 63, though correctly priced homes are moving faster than that.

The catch: homes sold for 89% of their original asking price on average. That gap is a pricing problem, not a market problem. Homes priced right are selling. Homes priced too high are sitting.

The first thing any seller should do before listing is get a real Comparative Market Analysis. Not a Zestimate. Not a neighbor’s opinion. A real look at what comparable homes have actually sold for in the last 90 days. Pricing strategy is the single biggest lever you have in this market, and getting it right from day one matters more than any renovation or staging decision.

Once you know your number, preparation is the next piece. For qualifying sellers, I offer Seller’s Edge, which provides up to $50K in pre-listing funding to handle repairs, updates, or improvements before the home hits the market. It gets paid back at closing, so there’s nothing out of pocket. I also back qualifying listings with my Sold Guarantee, so you’re never locked into a timeline that doesn’t work for you.

If you’re thinking about listing, the next 60 to 90 days are a good window before spring inventory builds.

For Buyers

There are fewer homes to choose from than there were a year ago. At 3.3 months of supply, the market is close to tipping in sellers’ favor. The median sold price in March was $1,013,000, with the average coming in at $1,807,000 depending on neighborhood and price tier.

That said, 63 days on the market means you have time to make a careful decision. You don’t need to rush, but you also can’t wait forever.

In the $1.5M to $3M range, there’s real competition but no frenzy. Being pre-approved and having access to off-market listings puts you ahead of most buyers. If you want a closer look at what that price range gets you, my guides to Boca Bridges, Broken Sound Country Club, and Boca Raton Square break down each neighborhood in detail.

Buying a home is a big decision. If you’re not completely happy with your home within the first year, I’ll sell it at no cost to you and help you find the right one*

*Subject to terms.

The Biggest Story in This Data

Here is the simplest way to read this market.

For every home that sold in March, there are more than three sitting unsold.

The homes that sold closed at an average of $1,807,000.

The homes still sitting are listed at an average of $3,571,000. That is a $1.7M gap between expectation and reality.

Prices have gone up 22% in one year. To put that in dollar terms, a home that sold for $1.5M last March would sell for around $1.8M today. That is real money, whether you are cashing out or buying in.

The market is not broken. It is just honest. It pays the sellers who price correctly and makes everyone else wait. If you want to know what separates the listings that close from the ones that sit, I put together a guide on the 9 mistakes sellers make that is worth reading before you list.

I’m Alex Mendel with Keller Williams Realty, helping buyers and sellers throughout Delray Beach, Boca Raton, and Palm Beach County with a focus on lifestyle, location, and long-term value. If you’d like to talk through options or have questions about the area, you can reach me directly at 561-827-8449.

FAQ: Boca Raton Real Estate — April 2026

How long does it take to sell a home in Boca Raton right now? The March average is 63 days. Well-priced homes move faster. Overpriced homes are what’s pulling that number up.

Are home prices dropping in Boca Raton? No. Average prices are up 22% from last year. Price per square foot is up 13%. There’s no sign of prices falling on correctly priced homes.

Is it a good time to buy in Boca Raton in 2026? If you’re planning to hold for five or more years, yes. Inventory is low, demand is steady, and there’s no state income tax. If you’re looking for a quick flip, this market requires more precision than it did a few years ago.

How much does a single family home in Boca Raton cost? In March 2026, the median sold price for a single family home in Boca Raton was $1,013,000. The average sold price was $1,807,000. The gap between those two numbers reflects a wide range of neighborhoods and price tiers across the city. What you pay depends heavily on whether you are buying east or west of I-95, new construction or renovated, and how close to the water you want to be.