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

Housing Market Conditions



Gauge showing Sanibel is a buyer's market


Difference Since August 2022

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

How much do homes in Sanibel, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Sanibel have sold for 24.6% less than they did a year ago.

Summary: The median home sold price in Sanibel was $900,000 in August 2023, down 24.6% from last year, and the median price per square foot was $504.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $517.5K$425K
2 $875K$749K
3 $1.3M$900K
4 $1.8M$1.5M
5+ $2.3M$1.6M

Summary: Sanibel housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 17.9%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 32.7%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 30.5%.

Median Sold Price Compared To Nearby Cities

Sanibel Island

Housing Supply

How many homes are available in Sanibel, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Sanibel real estate market had 194 homes for sale in August 2023, a 4.0% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 1113
2 5253
3 9887
4 2928
5+ 1213

Summary: The Sanibel housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 90.5% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Sanibel in August 2023, down by 4.5% month-over-month. Of the 21 sold homes, 90% were sold under asking, 5% were sold at asking, and 5% were sold over asking.

Days on Market

How long does it take to sell a home in Sanibel, FL?

Average Sale Time

Aug 2022Aug 2023CHANGE
34 Days112 Days+225.3%

Summary: Homes in Sanibel had an average of 112 days on market in Aug 2023, up by 225.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 2023, 21 homes were sold in Sanibel; 19% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.

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

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Sanibel, FL?