$7,719 Closing Credit*
$650,000
1,227 SqFt
2 Beds
•2 Full Baths
Kerri Maw, Listing Office: Pfeifer Realty Group LLC
Is Sanibel, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Sanibel was a Seller's Market.
Key Takeaway
Sanibel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sanibel, FL
How much do homes in Sanibel, FL cost?
Median Sold Price
$1,000,000
$564/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$100,000(+11.1%)
Key Takeaway
Homes in Sanibel have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Sanibel was $1,000,000 in August 2024, up 11.1% from last year, and the median price per square foot was $564.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $425K | 0.0% |
| 2 Bedrooms | $747.5K | $775K | +3.7% |
| 3 Bedrooms | $900K | $1.1M | +22.5% |
| 4 Bedrooms | $1.5M | $1.7M | +17.6% |
| 5+ Bedrooms | $1.6M | $1.6M | +3.7% |
Summary: Sanibel housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Sanibel | $900K | $1.0M | +11.1% |
| Sanibel Island | $900K | $1.0M | +11.1% |
Housing Supply in Sanibel, FL
How many homes are available in Sanibel, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 221 | 226 | +2.3% |
Summary: The Sanibel real estate market had 226 homes for sale in August 2024, a 2.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 69 | 74 | +7.2% |
| 3 Bedrooms | 93 | 94 | +1.1% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Sanibel housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sanibel, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Sanibel in August 2024, the same as the previous month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.
Days on Market for Sanibel, FL
How long does it take to sell a home in Sanibel, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 102 Days | 121 Days | +17.9% |
Summary: Homes in Sanibel had an average of 121 days on market in Aug 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sanibel are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 16 homes were sold in Sanibel; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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