Is Sarasota County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Sarasota County was a Seller's Market.
Key Takeaway
Sarasota County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sarasota County, FL
How much do homes in Sarasota County, FL cost?
Median Sold Price
$450,029
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Sarasota County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Sarasota County was $450,029 in November 2023, up 2.7% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $233.5K | -23.4% |
| 2 Bedrooms | $355.3K | $374.8K | +5.5% |
| 3 Bedrooms | $459.7K | $479.8K | +4.4% |
| 4 Bedrooms | $676.7K | $709.4K | +4.8% |
| 5+ Bedrooms | $1.1M | $991.7K | -13.3% |
Summary: Sarasota County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Counties
| Sarasota County | $438K | $450K | +2.7% |
| Manatee County | $470K | $469.4K | -0.1% |
| Charlotte County | $369.3K | $359.9K | -2.6% |
| DeSoto County | $260K | $242.3K | -6.8% |
Housing Supply in Sarasota County, FL
How many homes are available in Sarasota County, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 5,209 | 5,652 | +8.5% |
Summary: The Sarasota County real estate market had 5,652 homes for sale in November 2023, a 8.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 160 | 162 | +1.3% |
| 2 Bedrooms | 1,875 | 2,113 | +12.7% |
| 3 Bedrooms | 2,376 | 2,514 | +5.8% |
| 4 Bedrooms | 644 | 693 | +7.6% |
| 5+ Bedrooms | 154 | 170 | +10.4% |
Summary: The Sarasota County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 776 | 768 | -1.0% |
Asking Price vs. Sold Price
485 Homes Were Sold
Under Asking
150 Homes Were Sold
At Asking
133 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sarasota County, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 768 homes were sold or pending in Sarasota County in November 2023, down by 1.0% month-over-month. Of the 768 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for Sarasota County, FL
How long does it take to sell a home in Sarasota County, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 40 Days | 47 Days | +18.4% |
Summary: Homes in Sarasota County had an average of 47 days on market in Nov 2023, up by 18.4% compared to last year.
Breakdown of Home Sale Times
432 Homes Were Sold
Under 30 Days
195 Homes Were Sold
In 30 - 90 Days
141 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sarasota County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 768 homes were sold in Sarasota County; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.