Is Longboat Key, FL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Longboat Key is a buyer's market


Difference Since November 2022

Since last year, Longboat Key has remained a Buyer's Market.

Key Takeaway

Longboat Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Longboat Key, FL

How much do homes in Longboat Key, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Longboat Key have sold for 10.6% less than they did a year ago.

Summary: The median home sold price in Longboat Key was $1,200,000 in November 2023, down 10.6% from last year, and the median price per square foot was $731.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $675K$549K
2 $997.5K$910K
3 $1.7M$1.6M
4 $2.5M$4.1M
5+ $5.5M$4.8M

Summary: Longboat Key housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 18.7%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 62.7%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Cities

Longboat Key
Longboat Key

Housing Supply in Longboat Key, FL

How many homes are available in Longboat Key, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Longboat Key real estate market had 264 homes for sale in November 2023, a 15.3% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 1516
2 96119
3 7883
4 2833
5+ 1213

Summary: The Longboat Key housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longboat Key, you may be able to get a good deal. 79.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Longboat Key in November 2023, up by 16.0% month-over-month. Of the 29 sold homes, 79% were sold under asking, 17% were sold at asking, and 3% 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

Nov 2022Nov 2023CHANGE
24 Days80 Days+234.1%

Summary: Homes in Longboat Key had an average of 80 days on market in Nov 2023, up by 234.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Longboat Key are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 29 homes were sold in Longboat Key; 45% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Longboat Key, FL

Nearby Markets to Longboat Key, FL

What housing markets are near Longboat Key, FL?