Is Manatee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Manatee County has remained a Seller's Market.
Key Takeaway
Manatee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manatee County, FL
How much do homes in Manatee County, FL cost?
Median Sold Price
$471,645
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Manatee County have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Manatee County was $471,645 in May 2024, down 0.8% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $165K | +3.1% |
| 2 Bedrooms | $354.5K | $359.5K | +1.4% |
| 3 Bedrooms | $489.9K | $479.3K | -2.2% |
| 4 Bedrooms | $606.5K | $577K | -4.9% |
| 5+ Bedrooms | $750.1K | $686.6K | -8.5% |
Summary: Manatee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Counties
| Hardee County | $240K | $260.5K | +8.5% |
| Hillsborough County | $390.7K | $400.1K | +2.4% |
| Sarasota County | $449.9K | $450.9K | 0.2% |
| Manatee County | $475.4K | $471.6K | -0.8% |
| DeSoto County | $255K | $243.3K | -4.6% |
Housing Supply in Manatee County, FL
How many homes are available in Manatee County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5,852 | 5,848 | -0.1% |
Summary: The Manatee County real estate market had 5,848 homes for sale in May 2024, a 0.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 126 | 127 | +0.8% |
| 2 Bedrooms | 1,689 | 1,650 | -2.3% |
| 3 Bedrooms | 2,406 | 2,367 | -1.6% |
| 4 Bedrooms | 1,258 | 1,311 | +4.2% |
| 5+ Bedrooms | 373 | 393 | +5.4% |
Summary: The Manatee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 938 | 1,007 | +7.4% |
Asking Price vs. Sold Price
665 Homes Were Sold
Under Asking
279 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manatee County, you may be able to get a good deal. 66% of homes here sold below asking price last month.
Summary: A total of 1,007 homes were sold or pending in Manatee County in May 2024, up by 7.4% month-over-month. Of the 1,007 sold homes, 66% were sold under asking, 28% were sold at asking, and 6% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 70 Days | +44.9% |
Summary: Homes in Manatee County had an average of 70 days on market in May 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
404 Homes Were Sold
Under 30 Days
327 Homes Were Sold
In 30 - 90 Days
276 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manatee County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1007 homes were sold in Manatee County; 40% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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