Is Sarasota, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sarasota has remained a Seller's Market.
Housing Prices in Sarasota, FL
How much do homes in Sarasota, FL cost?
Median Sold Price
$519,031
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sarasota was $519,031 in April 2024, down 0.2% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.5K | $238.6K | -25.1% |
2 Bedrooms | $400K | $400.1K | 0.0% |
3 Bedrooms | $563.6K | $534.1K | -5.2% |
4 Bedrooms | $850K | $843.9K | -0.7% |
5+ Bedrooms | $1.1M | $1.3M | +9.0% |
Summary: Sarasota housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Longboat Key | $1.1M | $1.1M | +1.0% |
Sarasota | $520.2K | $519K | -0.2% |
Longboat Key | $1.2M | $1.1M | -9.7% |
Housing Supply in Sarasota, FL
How many homes are available in Sarasota, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,600 | 3,534 | -1.8% |
Summary: The Sarasota real estate market had 3,534 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 154 | 165 | +7.1% |
2 Bedrooms | 1,374 | 1,351 | -1.7% |
3 Bedrooms | 1,391 | 1,350 | -2.9% |
4 Bedrooms | 486 | 482 | -0.8% |
5+ Bedrooms | 195 | 186 | -4.6% |
Summary: The Sarasota housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 4.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
562 | 593 | +5.5% |
Asking Price vs. Sold Price
462 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 593 homes were sold or pending in Sarasota in April 2024, up by 5.5% month-over-month. Of the 593 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.
Days on Market for Sarasota, FL
How long does it take to sell a home in Sarasota, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 56 Days | +50.0% |
Summary: Homes in Sarasota had an average of 56 days on market in Apr 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
272 Homes Were Sold
Under 30 Days
169 Homes Were Sold
In 30 - 90 Days
152 Homes Were Sold
Over 90 Days
Summary: During April 2024, 593 homes were sold in Sarasota; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.