$7,101 Closing Credit*
$598,000
860 SqFt
2 Beds
•1 Full Bath, 1 Partial
Leah George, Listing Office: COLDWELL BANKER REALTY
Is Siesta Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Siesta Key has remained a Buyer's Market.
Key Takeaway
Siesta Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Siesta Key, FL
How much do homes in Siesta Key, FL cost?
Median Sold Price
$1,075,000
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,275(+10.5%)
Key Takeaway
Homes in Siesta Key have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Siesta Key was $1,075,000 in November 2024, up 10.5% from last year, and the median price per square foot was $695.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $532.5K | $527.5K | -0.9% |
| 2 Bedrooms | $762.5K | $800K | +4.9% |
| 3 Bedrooms | $1.6M | $1.4M | -9.9% |
| 4 Bedrooms | $2.7M | $2.1M | -22.2% |
| 5+ Bedrooms | $4.5M | $4.8M | +5.2% |
Summary: Siesta Key housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Siesta Key | $972.7K | $1.0M | +10.5% |
| Bay Island | $2.8M | $2.2M | -21.6% |
Housing Supply in Siesta Key, FL
How many homes are available in Siesta Key, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 213 | 255 | +19.7% |
Summary: The Siesta Key real estate market had 255 homes for sale in November 2024, a 19.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 31 | +19.2% |
| 2 Bedrooms | 88 | 99 | +12.5% |
| 3 Bedrooms | 46 | 62 | +34.8% |
| 4 Bedrooms | 42 | 50 | +19.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Siesta Key housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Siesta Key, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Siesta Key in November 2024, up by 6.3% month-over-month. Of the 17 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Siesta Key, FL
How long does it take to sell a home in Siesta Key, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 106 Days | +125.3% |
Summary: Homes in Siesta Key had an average of 106 days on market in Nov 2024, up by 125.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Siesta Key are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in Siesta Key; 29% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.