Is Sanibel Island, 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 Island was a Seller's Market.
Housing Prices in Sanibel Island, FL
How much do homes in Sanibel Island, FL cost?
Median Sold Price
$1,000,000
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sanibel Island was $1,000,000 in April 2024, up 2.7% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $477K | $457.5K | -4.1% |
2 Bedrooms | $900K | $750K | -16.7% |
3 Bedrooms | $1.0M | $1.0M | +2.4% |
4 Bedrooms | $1.5M | $2.0M | +32.7% |
5+ Bedrooms | $2.5M | $2.1M | -14.0% |
Summary: Sanibel Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes decreased by 14%.
Housing Supply in Sanibel Island, FL
How many homes are available in Sanibel Island, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
459 | 450 | -2.0% |
Summary: The Sanibel Island real estate market had 450 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 27 | -6.9% |
2 Bedrooms | 116 | 122 | +5.2% |
3 Bedrooms | 199 | 191 | -4.0% |
4 Bedrooms | 76 | 72 | -5.3% |
5+ Bedrooms | 39 | 38 | -2.6% |
Summary: The Sanibel Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 49 | +32.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Sanibel Island in April 2024, up by 32.4% month-over-month. Of the 49 sold homes, 84% were sold under asking, 12% were sold at asking, and 4% were sold over asking.
Days on Market for Sanibel Island, FL
How long does it take to sell a home in Sanibel Island, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 76 Days | +45.4% |
Summary: Homes in Sanibel Island had an average of 76 days on market in Apr 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Sanibel Island; 39% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.