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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longboat Key is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Longboat Key, FL cost?

Median Sold Price

$1,384,416

$741/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$480,616(+53.2%)

Key Takeaway

Homes in Longboat Key have sold for 53.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $336K$650K
+93.5%
2 $730K$1.0M
+41.8%
3 $1.2M$1.7M
+37.3%
4 $2.1M$2.5M
+18.0%
5+ $2.5M$3.9M
+52.0%

Median Sold Price Compared To Nearby Cities

Longboat Key
+53.2%
Longboat Key
+42.5%
Sarasota
-2.0%

How many homes are available in Longboat Key, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
7670-7.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 22
0.0%
2 2524
-4.0%
3 3531
-11.4%
4 88
0.0%
5+ 65
-16.7%

Number of Homes Sold

Aug 2022Sep 2022%
2114-33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were 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. 71.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
27 Days31 Days+14.5%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Longboat Key, FL

There are 70 homes are for sale in Longboat Key, FL real estate market. The number of homes for sale in Longboat Key, FL decreased by 7.9% between August 2022 and September 2022. In September 2022, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $1,384,416. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 93.5%, 2 bedrooms properties prices increased by 41.8%, 3 bedrooms properties became 37.3% more expensive, prices of 4 bedrooms properties increased by 18%, prices of 5 bedrooms properties went up by 52%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 4%, 3 bedrooms homes became 11.4% less available, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes went down by 16.7%. In September 2022, from all listings sold in Longboat Key, FL there were more than 2 sold above asking price, over 10 sold below and more than 2 were sold right at the asked price.

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