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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sarasota is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Sarasota was a Seller's Market.

Key Takeaway

Sarasota is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Sarasota, FL cost?

Median Sold Price

$500,888

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$10,480(-2.0%)

Key Takeaway

Homes in Sarasota have sold for 2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $320K$386.2K
+20.7%
2 $402.5K$425.5K
+5.7%
3 $597.6K$582.4K
-2.5%
4 $1.3M$1.3M
-2.7%
5+ $2.2M$4.1M
+82.2%

Median Sold Price Compared To Nearby Cities

Longboat Key
+53.2%
Longboat Key
+42.5%
Sarasota
-2.0%

How many homes are available in Sarasota, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
470406-13.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 2525
0.0%
2 167135
-19.2%
3 184157
-14.7%
4 6360
-4.8%
5+ 3129
-6.5%

Number of Homes Sold

Aug 2022Sep 2022%
9967-32.3%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sarasota, you may be able to get a good deal. 70.1% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
51 Days39 Days-22.5%

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sarasota 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 Sarasota, FL

Number of homes for sale in Sarasota, FL real estate market have reached 406. The number of homes for sale in Sarasota, FL decreased by 13.6% between August 2022 and September 2022. The median list price of listings available in September 2022 was $500,888, while the average time on the real estate market was 39 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 20.7%, prices of 2 bedrooms properties went up by 5.7%, the cost of 3 bedrooms properties went down by 2.5%, 4 bedrooms properties prices decreased by 2.7%, 5 bedrooms properties prices increased by 82.2%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 19.2%, the quantity of 3 bedrooms homes went down by 14.7%, 4 bedrooms homes inventory decreased by 4.8%, the quantity of 5 bedrooms homes went down by 6.5%. In September 2022, from all listings sold in Sarasota, FL there were more than 11 sold above asking price, over 47 sold below and more than 9 were sold right at the asked price.

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