Is Sanibel, 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, Sanibel was a Seller's Market.
Housing Prices in Sanibel, FL
How much do homes in Sanibel, FL cost?
Median Sold Price
$980,000
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sanibel was $980,000 in March 2024, down 2.3% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $429K | $400K | -6.8% |
2 Bedrooms | $900K | $749K | -16.8% |
3 Bedrooms | $1.1M | $1.0M | -2.3% |
4 Bedrooms | $1.5M | $1.6M | +9.0% |
5+ Bedrooms | $2.3M | $1.6M | -31.0% |
Summary: Sanibel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Cities
Sanibel | $1.0M | $980K | -2.3% |
Sanibel Island | $1.0M | $990.7K | -6.4% |
Captiva | $1.4M | $1.0M | -26.4% |
Housing Supply in Sanibel, FL
How many homes are available in Sanibel, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
363 | 386 | +6.3% |
Summary: The Sanibel real estate market had 386 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 20 | +11.1% |
2 Bedrooms | 89 | 99 | +11.2% |
3 Bedrooms | 185 | 185 | 0.0% |
4 Bedrooms | 52 | 58 | +11.5% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Sanibel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 30 | +57.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Sanibel in March 2024, up by 57.9% month-over-month. Of the 30 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 86 Days | +176.6% |
Summary: Homes in Sanibel had an average of 86 days on market in Mar 2024, up by 176.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Sanibel; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.