$7,944 Closing Credit*
$669,000
1,168 SqFt
2 Beds
•2 Full Baths
Sandra Endres, Listing Office: COLDWELL BANKER REALTY
Is Longboat Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Longboat Key has remained a Seller's Market.
Key Takeaway
Longboat Key is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longboat Key, FL
How much do homes in Longboat Key, FL cost?
Median Sold Price
$1,197,500
$700/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$47,500(+4.1%)
Key Takeaway
Homes in Longboat Key have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Longboat Key was $1,197,500 in September 2024, up 4.1% from last year, and the median price per square foot was $700.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $559.9K | $565K | +0.9% |
| 2 Bedrooms | $903K | $846.5K | -6.3% |
| 3 Bedrooms | $1.6M | $1.6M | +1.5% |
| 4 Bedrooms | $4.1M | $2.7M | -34.9% |
| 5+ Bedrooms | $5.8M | $5.5M | -6.6% |
Summary: Longboat Key housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 34.9%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Longboat Key | $1.1M | $1.1M | +4.1% |
| Sarasota | $502.7K | $521.7K | +3.8% |
| Longboat Key | $1.2M | $1.1M | -1.6% |
| Bradenton Beach | $662K | $640K | -3.3% |
Housing Supply in Longboat Key, FL
How many homes are available in Longboat Key, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 181 | 207 | +14.4% |
Summary: The Longboat Key real estate market had 207 homes for sale in September 2024, a 14.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 13 | +85.7% |
| 2 Bedrooms | 86 | 98 | +14.0% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 21 | 30 | +42.9% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Longboat Key housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 85.7%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 41 | +86.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longboat Key, expect to pay close to the asking price. 56.1% of homes here sold near the asking price last month.
Summary: A total of 41 homes were sold or pending in Longboat Key in September 2024, up by 86.4% month-over-month. Of the 41 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.
Days on Market for Longboat Key, FL
How long does it take to sell a home in Longboat Key, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 87 Days | 58 Days | -33.8% |
Summary: Homes in Longboat Key had an average of 58 days on market in Sep 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longboat Key are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 41 homes were sold in Longboat Key; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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