$7,113 Closing Credit*
$599,000
766 SqFt
1 Bed
•1 Full Bath
Mirjana Spurnic, Listing Office: KONA REALTY
Is Sarasota, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sarasota was a Seller's Market.
Key Takeaway
Sarasota is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sarasota, FL
How much do homes in Sarasota, FL cost?
Median Sold Price
$520,718
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,750(+4.2%)
Key Takeaway
Homes in Sarasota have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Sarasota was $520,718 in October 2024, up 4.2% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.5K | $230K | -14.3% |
| 2 Bedrooms | $389.4K | $400K | +2.7% |
| 3 Bedrooms | $526.4K | $534K | +1.5% |
| 4 Bedrooms | $812.5K | $865K | +6.5% |
| 5+ Bedrooms | $998.8K | $1.2M | +27.6% |
Summary: Sarasota housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Longboat Key | $1.1M | $1.2M | +6.0% |
| Sarasota | $499.9K | $520.7K | +4.2% |
| Longboat Key | $1.2M | $1.2M | +2.1% |
Housing Supply in Sarasota, FL
How many homes are available in Sarasota, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,616 | 2,596 | -0.8% |
Summary: The Sarasota real estate market had 2,596 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 134 | 141 | +5.2% |
| 2 Bedrooms | 895 | 904 | +1.0% |
| 3 Bedrooms | 1,051 | 1,014 | -3.5% |
| 4 Bedrooms | 402 | 404 | 0.5% |
| 5+ Bedrooms | 134 | 133 | -0.7% |
Summary: The Sarasota housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 333 | 302 | -9.3% |
Asking Price vs. Sold Price
242 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sarasota, you may be able to get a good deal. 80.1% of homes here sold below asking price last month.
Summary: A total of 302 homes were sold or pending in Sarasota in October 2024, down by 9.3% month-over-month. Of the 302 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% were sold over asking.
Days on Market for Sarasota, FL
How long does it take to sell a home in Sarasota, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 62 Days | +29.8% |
Summary: Homes in Sarasota had an average of 62 days on market in Oct 2024, up by 29.8% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
78 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sarasota are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 302 homes were sold in Sarasota; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.