Is Sanibel, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanibel is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Sanibel has remained a Seller's Market.

Key Takeaway

Sanibel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sanibel, FL cost?

Median Sold Price

$1,179,333

$693/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$379,333(+47.4%)

Key Takeaway

Homes in Sanibel have sold for 47.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $419.5K$517.5K
+23.4%
2 $659.2K$875K
+32.7%
3 $876.8K$1.3M
+52.2%
4 $1.6M$1.8M
+17.0%
5+ $1.9M$2.3M
+17.9%

Median Sold Price Compared To Nearby Cities

Sanibel
+47.4%
Sanibel Island
+46.7%
Captiva
+40.4%

How many homes are available in Sanibel, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
1131130.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 68
+33.3%
2 3836
-5.3%
3 4544
-2.2%
4 1618
+12.5%
5+ 87
-12.5%

Number of Homes Sold

Jul 2022Aug 2022%
1721+23.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanibel, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
18 Days30 Days+63.0%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sanibel 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 Sanibel, FL

Number of homes for sale in Sanibel, FL real estate market have reached 113. The median list price of listings available in August 2022 was $1,179,333, while the average time on the real estate market was 30 days. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 23.4%, the cost of 2 bedrooms properties went up by 32.7%, prices of 3 bedrooms properties went up by 52.2%, 4 bedrooms properties prices increased by 17%, 5 bedrooms properties prices increased by 17.9%. This housing market inventory have changed: 1 bedroom homes became 33.3% more available, volume of 2 bedrooms homes went down by 5.3%, volume of 3 bedrooms homes went down by 2.2%, the quantity of 4 bedrooms homes went up by 12.5%, the quantity of 5 bedrooms homes went down by 12.5%. In August 2022 more than 4 listings in Sanibel, FL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 15 were sold below.

Related Housing Market Reports