Is Sanibel, 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, Sanibel was a Seller's Market.
Housing Prices in Sanibel, FL
How much do homes in Sanibel, FL cost?
Median Sold Price
$1,000,000
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sanibel was $1,000,000 in April 2024, up 3.3% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $437.5K | +2.9% |
2 Bedrooms | $900K | $744.5K | -17.3% |
3 Bedrooms | $1.0M | $1.0M | +2.4% |
4 Bedrooms | $1.4M | $1.7M | +24.1% |
5+ Bedrooms | $2.0M | $2.0M | 0.4% |
Summary: Sanibel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Sanibel | $968.5K | $1.0M | +3.3% |
Sanibel Island | $974.1K | $1.0M | +2.7% |
Captiva | $1.3M | $1.2M | -6.4% |
Housing Supply in Sanibel, FL
How many homes are available in Sanibel, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
382 | 378 | -1.0% |
Summary: The Sanibel real estate market had 378 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 19 | -5.0% |
2 Bedrooms | 99 | 106 | +7.1% |
3 Bedrooms | 179 | 172 | -3.9% |
4 Bedrooms | 60 | 57 | -5.0% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Sanibel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Sanibel in April 2024, up by 29.4% month-over-month. Of the 44 sold homes, 84% were sold under asking, 11% were sold at asking, and 5% were sold over asking.
Days on Market for Sanibel, FL
How long does it take to sell a home in Sanibel, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 76 Days | +38.2% |
Summary: Homes in Sanibel had an average of 76 days on market in Apr 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Sanibel; 39% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.