$3,206 Closing Credit*
$270,000
1,543 SqFt
2 Beds
•2 Full Baths
Bill McCue, Listing Office: BRIGHT REALTY
Is Sarasota, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$521,731
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,981(+3.8%)
Key Takeaway
Homes in Sarasota have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Sarasota was $521,731 in September 2024, up 3.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283.9K | $232.2K | -18.2% |
| 2 Bedrooms | $386.5K | $403.8K | +4.5% |
| 3 Bedrooms | $532.4K | $535.1K | 0.5% |
| 4 Bedrooms | $805.7K | $872.6K | +8.3% |
| 5+ Bedrooms | $988.3K | $1.3M | +36.6% |
Summary: Sarasota housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 36.6%.
Median Sold Price Compared To Nearby Cities
| Longboat Key | $1.1M | $1.1M | +4.1% |
| Sarasota | $502.7K | $521.7K | +3.8% |
| Longboat Key | $1.2M | $1.1M | -1.6% |
Housing Supply in Sarasota, FL
How many homes are available in Sarasota, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2,753 | 2,695 | -2.1% |
Summary: The Sarasota real estate market had 2,695 homes for sale in September 2024, a 2.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 137 | 142 | +3.6% |
| 2 Bedrooms | 933 | 921 | -1.3% |
| 3 Bedrooms | 1,127 | 1,082 | -4.0% |
| 4 Bedrooms | 425 | 413 | -2.8% |
| 5+ Bedrooms | 131 | 137 | +4.6% |
Summary: The Sarasota housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 414 | 301 | -27.3% |
Asking Price vs. Sold Price
218 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sarasota, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.
Summary: A total of 301 homes were sold or pending in Sarasota in September 2024, down by 27.3% month-over-month. Of the 301 sold homes, 72% were sold under asking, 21% were sold at asking, and 6% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 46 Days | 67 Days | +45.0% |
Summary: Homes in Sarasota had an average of 67 days on market in Sep 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
88 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 September 2024, 301 homes were sold in Sarasota; 46% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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