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.
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
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
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
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.