$395,000
0.12 Acres
Land
Jesse Griffin, Listing Office: CENTURY 21 BEGGINS ENTERPRISES
Is Longboat Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Longboat Key was a Neutral Market.
Key Takeaway
Longboat Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Longboat Key, FL
How much do homes in Longboat Key, FL cost?
Median Sold Price
$1,226,666
$720/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,666(+2.7%)
Key Takeaway
Homes in Longboat Key have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Longboat Key was $1,226,666 in November 2024, up 2.7% from last year, and the median price per square foot was $720.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $549K | $849K | +54.6% |
| 2 Bedrooms | $910K | $848.5K | -6.8% |
| 3 Bedrooms | $1.6M | $1.7M | +4.8% |
| 4 Bedrooms | $4.1M | $3.5M | -15.7% |
| 5+ Bedrooms | $4.8M | $6.4M | +33.9% |
Summary: Longboat Key housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.6%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes increased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Longboat Key | $1.1M | $1.2M | +6.0% |
| Longboat Key | $1.1M | $1.2M | +2.7% |
| Sarasota | $509.9K | $515.5K | +1.1% |
Housing Supply in Longboat Key, FL
How many homes are available in Longboat Key, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 178 | 213 | +19.7% |
Summary: The Longboat Key real estate market had 213 homes for sale in November 2024, a 19.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 74 | 88 | +18.9% |
| 3 Bedrooms | 56 | 65 | +16.1% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The Longboat Key housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 20 | -54.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longboat Key, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Longboat Key in November 2024, down by 54.5% month-over-month. Of the 20 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Longboat Key, FL
How long does it take to sell a home in Longboat Key, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 79 Days | -1.7% |
Summary: Homes in Longboat Key had an average of 79 days on market in Nov 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longboat Key are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Longboat Key; 45% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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