Is Sarasota 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, Sarasota County was a Seller's Market.
Key Takeaway
Sarasota County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sarasota County, FL
How much do homes in Sarasota County, FL cost?
Median Sold Price
$450,680
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 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 $450,680 in April 2024, up 0.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $293.4K | $227.2K | -22.6% |
| 2 Bedrooms | $368.8K | $369.9K | 0.3% |
| 3 Bedrooms | $475.3K | $483.7K | +1.8% |
| 4 Bedrooms | $706.6K | $736.5K | +4.2% |
| 5+ Bedrooms | $995K | $1.2M | +20.6% |
Summary: Sarasota County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Counties
| Sarasota County | $450K | $450.6K | 0.1% |
| Manatee County | $478.5K | $469K | -2.0% |
| DeSoto County | $250K | $245K | -2.0% |
| Charlotte County | $370.4K | $355K | -4.1% |
Housing Supply in Sarasota County, FL
How many homes are available in Sarasota County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7,532 | 7,482 | -0.7% |
Summary: The Sarasota County real estate market had 7,482 homes for sale in April 2024, a 0.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 219 | 234 | +6.8% |
| 2 Bedrooms | 2,808 | 2,764 | -1.6% |
| 3 Bedrooms | 3,350 | 3,332 | -0.5% |
| 4 Bedrooms | 901 | 900 | -0.1% |
| 5+ Bedrooms | 254 | 252 | -0.8% |
Summary: The Sarasota County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,100 | 1,170 | +6.4% |
Asking Price vs. Sold Price
906 Homes Were Sold
Under Asking
184 Homes Were Sold
At Asking
80 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. 77.4% of homes here sold below asking price last month.
Summary: A total of 1,170 homes were sold or pending in Sarasota County in April 2024, up by 6.4% month-over-month. Of the 1,170 sold homes, 77% were sold under asking, 16% were sold at asking, and 7% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 64 Days | +76.2% |
Summary: Homes in Sarasota County had an average of 64 days on market in Apr 2024, up by 76.2% compared to last year.
Breakdown of Home Sale Times
498 Homes Were Sold
Under 30 Days
358 Homes Were Sold
In 30 - 90 Days
314 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 April 2024, 1170 homes were sold in Sarasota County; 43% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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