$10,000 Closing Credit*
$1,349,900
2,272 SqFt
3 Beds
•2 Full Baths
Lisa Wiles, Listing Office: RE/MAX ANCHOR REALTY
Is Sarasota County, 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 County was a Seller's Market.
Key Takeaway
Sarasota County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sarasota County, FL
How much do homes in Sarasota County, FL cost?
Median Sold Price
$445,662
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,478(-1.0%)
Key Takeaway
Homes in Sarasota County have sold for 1% less than they did a year ago.
Summary: The median home sold price in Sarasota County was $445,662 in November 2024, down 1% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.7K | $230K | -1.6% |
| 2 Bedrooms | $374.9K | $354.9K | -5.3% |
| 3 Bedrooms | $479.6K | $471.8K | -1.6% |
| 4 Bedrooms | $705.4K | $731.6K | +3.7% |
| 5+ Bedrooms | $988.3K | $1.1M | +12.1% |
Summary: Sarasota County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Counties
| DeSoto County | $241K | $275K | +14.1% |
| Sarasota County | $450.1K | $445.6K | -1.0% |
| Manatee County | $469.5K | $462.3K | -1.5% |
| Charlotte County | $359.9K | $349.5K | -2.9% |
Housing Supply in Sarasota County, FL
How many homes are available in Sarasota County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5,582 | 6,118 | +9.6% |
Summary: The Sarasota County real estate market had 6,118 homes for sale in November 2024, a 9.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 166 | 193 | +16.3% |
| 2 Bedrooms | 1,803 | 2,012 | +11.6% |
| 3 Bedrooms | 2,643 | 2,872 | +8.7% |
| 4 Bedrooms | 787 | 833 | +5.8% |
| 5+ Bedrooms | 183 | 208 | +13.7% |
Summary: The Sarasota County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 13.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 665 | 604 | -9.2% |
Asking Price vs. Sold Price
438 Homes Were Sold
Under Asking
127 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sarasota County, you may be able to get a good deal. 72.5% of homes here sold below asking price last month.
Summary: A total of 604 homes were sold or pending in Sarasota County in November 2024, down by 9.2% month-over-month. Of the 604 sold homes, 73% were sold under asking, 21% were sold at asking, and 6% were sold over asking.
Days on Market for Sarasota County, FL
How long does it take to sell a home in Sarasota County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 77 Days | +63.1% |
Summary: Homes in Sarasota County had an average of 77 days on market in Nov 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
240 Homes Were Sold
Under 30 Days
158 Homes Were Sold
In 30 - 90 Days
206 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sarasota County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 604 homes were sold in Sarasota County; 40% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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