Is Manatee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Manatee County was a Seller's Market.
Key Takeaway
Manatee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Manatee County, FL
How much do homes in Manatee County, FL cost?
Median Sold Price
$470,171
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manatee County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Manatee County was $470,171 in March 2024, down 1.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $163.3K | +5.4% |
| 2 Bedrooms | $350.9K | $355.3K | +1.3% |
| 3 Bedrooms | $494.1K | $479.2K | -3.0% |
| 4 Bedrooms | $609.2K | $585.9K | -3.8% |
| 5+ Bedrooms | $800K | $699.9K | -12.5% |
Summary: Manatee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Counties
| Hardee County | $237K | $265K | +11.8% |
| Hillsborough County | $394.6K | $399.6K | +1.3% |
| Sarasota County | $449.8K | $450.4K | 0.1% |
| Manatee County | $475.3K | $470.1K | -1.1% |
| DeSoto County | $250.7K | $238.2K | -5.0% |
Housing Supply in Manatee County, FL
How many homes are available in Manatee County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,418 | 5,668 | +4.6% |
Summary: The Manatee County real estate market had 5,668 homes for sale in March 2024, a 4.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 163 | 173 | +6.1% |
| 2 Bedrooms | 1,728 | 1,855 | +7.3% |
| 3 Bedrooms | 2,155 | 2,244 | +4.1% |
| 4 Bedrooms | 1,062 | 1,087 | +2.4% |
| 5+ Bedrooms | 310 | 309 | -0.3% |
Summary: The Manatee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 0.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 668 | 872 | +30.5% |
Asking Price vs. Sold Price
591 Homes Were Sold
Under Asking
223 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manatee County, you may be able to get a good deal. 67.8% of homes here sold below asking price last month.
Summary: A total of 872 homes were sold or pending in Manatee County in March 2024, up by 30.5% month-over-month. Of the 872 sold homes, 68% were sold under asking, 26% were sold at asking, and 7% were sold over asking.
Days on Market for Manatee County, FL
How long does it take to sell a home in Manatee County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 64 Days | +25.1% |
Summary: Homes in Manatee County had an average of 64 days on market in Mar 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
362 Homes Were Sold
Under 30 Days
265 Homes Were Sold
In 30 - 90 Days
245 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manatee County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 872 homes were sold in Manatee County; 42% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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