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

Housing Market Conditions



Gauge showing Sarasota is a seller's market


Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Sarasota, FL

How much do homes in Sarasota, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2023


Key Takeaway

The sold price of homes in Sarasota has remained the same since last year.

Summary: The median home sold price in Sarasota was $519,031 in April 2024, down 0.2% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $318.5K$238.6K
2 $400K$400.1K
3 $563.6K$534.1K
4 $850K$843.9K
5+ $1.1M$1.3M

Summary: Sarasota housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Cities

Longboat Key
Longboat Key

Housing Supply in Sarasota, FL

How many homes are available in Sarasota, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE

Summary: The Sarasota real estate market had 3,534 homes for sale in April 2024, a 1.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 154165
2 1,3741,351
3 1,3911,350
4 486482
5+ 195186

Summary: The Sarasota housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 4.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE

Asking Price vs. Sold Price

462 Homes Were Sold
Under Asking

90 Homes Were Sold
At Asking

41 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. 77.9% of homes here sold below asking price last month.

Summary: A total of 593 homes were sold or pending in Sarasota in April 2024, up by 5.5% month-over-month. Of the 593 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.

Days on Market for Sarasota, FL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days56 Days+50.0%

Summary: Homes in Sarasota had an average of 56 days on market in Apr 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

272 Homes Were Sold
Under 30 Days

169 Homes Were Sold
In 30 - 90 Days

152 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.

Summary: During April 2024, 593 homes were sold in Sarasota; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 26% 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 19 Days Ago

Newest Listings in Sarasota, FL

Nearby Markets to Sarasota, FL

What housing markets are near Sarasota, FL?