$2,900,000
3,326 SqFt
4 Beds
•3 Full Baths
Alice Lewis, Listing Office: PREFERRED SHORE LLC
Is Sarasota, 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, 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
$515,531
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,619(+1.1%)
Key Takeaway
Homes in Sarasota have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Sarasota was $515,531 in November 2024, up 1.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $243.3K | $230.2K | -5.4% |
| 2 Bedrooms | $399.4K | $385.7K | -3.4% |
| 3 Bedrooms | $524.8K | $535K | +1.9% |
| 4 Bedrooms | $822.5K | $864.4K | +5.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +23.8% |
Summary: Sarasota housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 23.8%.
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 Sarasota, FL
How many homes are available in Sarasota, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,644 | 2,901 | +9.7% |
Summary: The Sarasota real estate market had 2,901 homes for sale in November 2024, a 9.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 141 | 161 | +14.2% |
| 2 Bedrooms | 914 | 1,007 | +10.2% |
| 3 Bedrooms | 1,045 | 1,153 | +10.3% |
| 4 Bedrooms | 412 | 432 | +4.9% |
| 5+ Bedrooms | 132 | 148 | +12.1% |
Summary: The Sarasota housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 328 | 297 | -9.5% |
Asking Price vs. Sold Price
237 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sarasota, you may be able to get a good deal. 79.8% of homes here sold below asking price last month.
Summary: A total of 297 homes were sold or pending in Sarasota in November 2024, down by 9.5% month-over-month. Of the 297 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 76 Days | +87.4% |
Summary: Homes in Sarasota had an average of 76 days on market in Nov 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
97 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 November 2024, 297 homes were sold in Sarasota; 36% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and 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. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.