Is Manatee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Manatee County was a Seller's Market.
Housing Prices in Manatee County, FL
How much do homes in Manatee County, FL cost?
Median Sold Price
$469,099
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Manatee County was $469,099 in April 2024, down 2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $160K | +3.2% |
2 Bedrooms | $352.1K | $357.1K | +1.4% |
3 Bedrooms | $497.1K | $478.1K | -3.8% |
4 Bedrooms | $607.5K | $583.5K | -4.0% |
5+ Bedrooms | $773.4K | $695K | -10.1% |
Summary: Manatee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Counties
Hillsborough County | $392.8K | $399.9K | +1.8% |
Sarasota County | $450K | $450.6K | 0.1% |
Manatee County | $478.5K | $469K | -2.0% |
DeSoto County | $250K | $245K | -2.0% |
Housing Supply in Manatee County, FL
How many homes are available in Manatee County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5,631 | 5,526 | -1.9% |
Summary: The Manatee County real estate market had 5,526 homes for sale in April 2024, a 1.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 166 | 142 | -14.5% |
2 Bedrooms | 1,773 | 1,759 | -0.8% |
3 Bedrooms | 2,267 | 2,236 | -1.4% |
4 Bedrooms | 1,114 | 1,067 | -4.2% |
5+ Bedrooms | 311 | 322 | +3.5% |
Summary: The Manatee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
909 | 870 | -4.3% |
Asking Price vs. Sold Price
603 Homes Were Sold
Under Asking
207 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 870 homes were sold or pending in Manatee County in April 2024, down by 4.3% month-over-month. Of the 870 sold homes, 69% were sold under asking, 24% were sold at asking, and 7% were sold over asking.
Days on Market for Manatee County, FL
How long does it take to sell a home in Manatee County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 62 Days | +30.7% |
Summary: Homes in Manatee County had an average of 62 days on market in Apr 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
383 Homes Were Sold
Under 30 Days
259 Homes Were Sold
In 30 - 90 Days
228 Homes Were Sold
Over 90 Days
Summary: During April 2024, 870 homes were sold in Manatee County; 44% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.