$3,150,000
3,036 SqFt
4 Beds
•3 Full Baths, 1 Partial
Dan Miller, Listing Office: PREFERRED SHORE LLC
Is Siesta Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,025,000
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,312(+4.1%)
Key Takeaway
Homes in Siesta Key have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Siesta Key was $1,025,000 in October 2024, up 4.1% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $537.5K | $527.5K | -1.9% |
| 2 Bedrooms | $763.7K | $800K | +4.7% |
| 3 Bedrooms | $1.5M | $1.4M | -7.5% |
| 4 Bedrooms | $2.7M | $2.1M | -19.4% |
| 5+ Bedrooms | $3.8M | $5.2M | +34.8% |
Summary: Siesta Key housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 34.8%.
Housing Supply in Siesta Key, FL
How many homes are available in Siesta Key, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 224 | 212 | -5.4% |
Summary: The Siesta Key real estate market had 212 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 24 | -4.0% |
| 2 Bedrooms | 99 | 89 | -10.1% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 45 | 43 | -4.4% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Siesta Key housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Siesta Key, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Siesta Key in October 2024, down by 27.3% month-over-month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 85 Days | -5.0% |
Summary: Homes in Siesta Key had an average of 85 days on market in Oct 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Siesta Key are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Siesta Key; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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