Is Sarasota County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$450,454
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Sarasota County has remained the same since last year.
Summary: The median home sold price in Sarasota County was $450,454 in March 2024, up 0.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.6K | $225.4K | -26.7% |
| 2 Bedrooms | $369.1K | $370.3K | 0.3% |
| 3 Bedrooms | $474.2K | $481.8K | +1.6% |
| 4 Bedrooms | $720K | $717.9K | -0.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +7.1% |
Summary: Sarasota County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Counties
| Sarasota County | $449.8K | $450.4K | 0.1% |
| Manatee County | $475.3K | $470.1K | -1.1% |
| Charlotte County | $372.4K | $356.4K | -4.3% |
| DeSoto County | $250.7K | $238.2K | -5.0% |
Housing Supply in Sarasota County, FL
How many homes are available in Sarasota County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7,303 | 7,652 | +4.8% |
Summary: The Sarasota County real estate market had 7,652 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 228 | 240 | +5.3% |
| 2 Bedrooms | 2,740 | 2,886 | +5.3% |
| 3 Bedrooms | 3,229 | 3,359 | +4.0% |
| 4 Bedrooms | 861 | 900 | +4.5% |
| 5+ Bedrooms | 245 | 267 | +9.0% |
Summary: The Sarasota County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 819 | 1,050 | +28.2% |
Asking Price vs. Sold Price
799 Homes Were Sold
Under Asking
191 Homes Were Sold
At Asking
60 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. 76.1% of homes here sold below asking price last month.
Summary: A total of 1,050 homes were sold or pending in Sarasota County in March 2024, up by 28.2% month-over-month. Of the 1,050 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 61 Days | +48.7% |
Summary: Homes in Sarasota County had an average of 61 days on market in Mar 2024, up by 48.7% compared to last year.
Breakdown of Home Sale Times
472 Homes Were Sold
Under 30 Days
298 Homes Were Sold
In 30 - 90 Days
280 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 March 2024, 1050 homes were sold in Sarasota County; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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