Latest Sarasota FL Housing Market Statistics

Is The Sarasota Real Estate Market Hot or Cold?

The Sarasota FL. housing market statistics are changing every day. We compile and display the Sarasota housing market data IN REAL TIME! There are a lot of factors to consider when determining a listing price, or deciding on a purchase price you would like to offer as a buyer. Our goal is to help our clients make the best decisions which leads to meeting their goals, whether it is to pay as little as possible, or to get the highest price as a seller. Do not hesitate to contact us to discuss the current market for your area of interest!

Most Recent Sarasota Statistics – Single Family Homes

April 2025 Report – Single Family Homes

Most Recent Sarasota Statistics – Condominiums

April 2025 Report – Condominiums

April 2025 Monthly Report

SINGLE FAMILY HOMES

In April 2025, Sarasota County saw 817 single-family homes sold, which is a slight increase from last year. The median sale price was $470,000, down 13% compared to April 2024, but a bit higher than last month. Nearly half of these homes (46%) were bought with cash. There are more homes for sale now, with active listings up 35% from last year, giving buyers more options. Homes spent about the same amount of time on the market as last month—43 days to go under contract and 82 days to close.

Manatee County had 672 single-family home sales, a small drop from last year. The median price was $464,000, down 12.5%. About 30% of buyers paid cash. Inventory rose to 3,251 homes for sale, or a 5.2-month supply. Homes took about 50 days to go under contract and 92 days to close, similar to previous months.

TOWNHOMES & CONDOS

In Sarasota County, 375 townhomes and condos sold in April, down 13% from last year. The median price was $339,500, a 15% decrease. Most buyers (67%) paid cash. Inventory dropped for the first time since September 2024, with 2,654 active listings—about a 9.6-month supply. Homes took longer to sell, with a median of 61 days to go under contract and 104 days to close.

Manatee County had 273 townhome and condo sales, a slight decrease from last year. The median price was $300,220, down nearly 15%. About half of the sales were cash deals. Inventory stayed steady at 1,817 listings, or an 8.2-month supply. The median time to contract was 63 days, and the median time to sale was 98 days.

Our Take

Let’s face it, the past several years were crazy rapid growth. IT’s now a time where the market is settling back in to a more normal pace, but inventory is steadily rising still. Both counties’ markets are experiencing signs of stabilizing after the rapid changes of recent years. Sales are still steady, and the increase in available homes is great news for Buyers, and points to a healthier, more balanced market.

Prices for condos and townhomes are soft, mainly because of recent law changes for condo reserve compliance and insurance. There are more condo properties for sale than we have seen in a very long time. This gives buyers more room to negotiate, but sellers need to price their homes competitively and make sure they stand out.

In this dynamic environment, the role of a Realtor® has become increasingly important. With over 50 years of experience in the Sarasota area, we have helped numerous clients navigate successful real estate transactions. Our expertise encompasses a diverse array of residential properties, including single-family homes, condominiums, and new developments.