$39,500
Land
Hernan Valdes, Listing Office: Partnership Realty Inc.
Is Sarasota County, 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 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
$449,524
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$411(+0.1%)
Key Takeaway
The sold price of homes in Sarasota County has remained the same since last year.
Summary: The median home sold price in Sarasota County was $449,524 in October 2024, up 0.1% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $223.5K | -6.9% |
| 2 Bedrooms | $370.2K | $359.9K | -2.8% |
| 3 Bedrooms | $479.8K | $475.1K | -1.0% |
| 4 Bedrooms | $708.9K | $735.3K | +3.7% |
| 5+ Bedrooms | $972.5K | $1.1M | +13.1% |
Summary: Sarasota County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Counties
| DeSoto County | $248.3K | $272.5K | +9.7% |
| Sarasota County | $449.1K | $449.5K | 0.1% |
| Manatee County | $468.7K | $465.6K | -0.7% |
| Charlotte County | $362K | $349.9K | -3.3% |
Housing Supply in Sarasota County, FL
How many homes are available in Sarasota County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,429 | 5,508 | +1.5% |
Summary: The Sarasota County real estate market had 5,508 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 162 | 168 | +3.7% |
| 2 Bedrooms | 1,731 | 1,795 | +3.7% |
| 3 Bedrooms | 2,622 | 2,603 | -0.7% |
| 4 Bedrooms | 734 | 758 | +3.3% |
| 5+ Bedrooms | 180 | 184 | +2.2% |
Summary: The Sarasota County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 675 | 606 | -10.2% |
Asking Price vs. Sold Price
462 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
41 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. 76.2% of homes here sold below asking price last month.
Summary: A total of 606 homes were sold or pending in Sarasota County in October 2024, down by 10.2% month-over-month. Of the 606 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 74 Days | +47.0% |
Summary: Homes in Sarasota County had an average of 74 days on market in Oct 2024, up by 47% compared to last year.
Breakdown of Home Sale Times
242 Homes Were Sold
Under 30 Days
168 Homes Were Sold
In 30 - 90 Days
196 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 October 2024, 606 homes were sold in Sarasota County; 40% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 32% 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.