Is Siesta Key, 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, Siesta Key was a Seller's Market.
Key Takeaway
Siesta Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Siesta Key, FL
How much do homes in Siesta Key, FL cost?
Median Sold Price
$975,000
$708/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Siesta Key have sold for 1% less than they did a year ago.
Summary: The median home sold price in Siesta Key was $975,000 in March 2024, down 1% from last year, and the median price per square foot was $708.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495.5K | $530K | +7.0% |
| 2 Bedrooms | $800K | $789.9K | -1.3% |
| 3 Bedrooms | $1.4M | $1.6M | +12.0% |
| 4 Bedrooms | $2.3M | $2.6M | +16.8% |
| 5+ Bedrooms | $3.2M | $4.7M | +48.1% |
Summary: Siesta Key housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Siesta Key Village | $985K | $1.0M | +5.3% |
| Siesta Key | $984.6K | $975K | -1.0% |
Housing Supply in Siesta Key, FL
How many homes are available in Siesta Key, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 448 | 464 | +3.6% |
Summary: The Siesta Key real estate market had 464 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 32 | +3.2% |
| 2 Bedrooms | 184 | 194 | +5.4% |
| 3 Bedrooms | 109 | 106 | -2.8% |
| 4 Bedrooms | 73 | 76 | +4.1% |
| 5+ Bedrooms | 51 | 56 | +9.8% |
Summary: The Siesta Key housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 66 | +88.6% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Siesta Key, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Siesta Key in March 2024, up by 88.6% month-over-month. Of the 66 sold homes, 86% were sold under asking, 11% were sold at asking, and 3% were sold over asking.
Days on Market for Siesta Key, FL
How long does it take to sell a home in Siesta Key, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 74 Days | +28.5% |
Summary: Homes in Siesta Key had an average of 74 days on market in Mar 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Siesta Key are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 66 homes were sold in Siesta Key; 53% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.