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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanibel Island is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Sanibel Island, FL cost?

Median Sold Price

$1,200,000

$707/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$382,000(+46.7%)

Key Takeaway

Homes in Sanibel Island have sold for 46.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $400K$537.5K
+34.4%
2 $675K$875K
+29.6%
3 $882.5K$1.3M
+49.6%
4 $1.6M$2.0M
+25.0%
5+ $2.3M$2.9M
+22.9%

Median Sold Price Compared To Nearby Cities

Sanibel
+47.4%
Sanibel Island
+46.7%
Captiva
+40.4%
Bokeelia
+31.9%

How many homes are available in Sanibel Island, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
150149-0.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 1114
+27.3%
2 4341
-4.7%
3 5957
-3.4%
4 2022
+10.0%
5+ 1715
-11.8%

Number of Homes Sold

Jul 2022Aug 2022%
2025+25.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 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 Island, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
23 Days30 Days+30.1%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

10 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 Island 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 Island, FL

Sanibel Island, FL has 149 homes for sale to choose from. The number of homes for sale in Sanibel Island, FL decreased by 0.7% between July 2022 and August 2022. In August 2022 median list price was $1,200,000 and the average listing age was 30 days. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties became 34.4% more expensive, prices of 2 bedrooms properties increased by 29.6%, 3 bedrooms properties became 49.6% more expensive, 4 bedrooms properties became 25% more expensive, 5 bedrooms properties prices increased by 22.9%. This housing market inventory have changed: number of 1 bedroom homes increased by 27.3%, 2 bedrooms homes inventory decreased by 4.7%, 3 bedrooms homes became 3.4% less available, the quantity of 4 bedrooms homes went up by 10%, 5 bedrooms homes became 11.8% less available. Sanibel Island, FL housing market in August 2022 saw over 4 listings sold above listed price, more than 3 sold at listed price and over 18 sold below.

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