$8,500,000
0.90 Acres
Land
Laura Cari, Listing Office: LSI Companies Inc.
Is Sanibel Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sanibel Island has remained a Buyer's Market.
Key Takeaway
Sanibel Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sanibel Island, FL
How much do homes in Sanibel Island, FL cost?
Median Sold Price
$1,000,000
$585/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+11.1%)
Key Takeaway
Homes in Sanibel Island have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Sanibel Island was $1,000,000 in November 2024, up 11.1% from last year, and the median price per square foot was $585.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $549K | +18.1% |
| 2 Bedrooms | $748.2K | $815K | +8.9% |
| 3 Bedrooms | $950K | $1.0M | +13.7% |
| 4 Bedrooms | $1.4M | $2.0M | +36.3% |
| 5+ Bedrooms | $2.0M | $1.8M | -12.5% |
Summary: Sanibel Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 36.3%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in Sanibel Island, FL
How many homes are available in Sanibel Island, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 377 | +27.4% |
Summary: The Sanibel Island real estate market had 377 homes for sale in November 2024, a 27.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 32 | +14.3% |
| 2 Bedrooms | 72 | 99 | +37.5% |
| 3 Bedrooms | 123 | 157 | +27.6% |
| 4 Bedrooms | 47 | 61 | +29.8% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Sanibel Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanibel Island, you may be able to get a good deal. 93.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Sanibel Island in November 2024, up by 150.0% month-over-month. Of the 15 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 129 Days | +104.9% |
Summary: Homes in Sanibel Island had an average of 129 days on market in Nov 2024, up by 104.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sanibel Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 15 homes were sold in Sanibel Island; 27% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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