Latest Sarasota FL Housing Market Statistics

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

February 2025 Report – Single Family Homes

Most Recent Sarasota Statistics – Condominiums

February 2025 Report – Condominiums

February 2025 Monthly Report

Prices

Sarasota County

In Sarasota County, 589 single-family homes were sold in February 2025. This is a 2.1 percent increase compared to February 2024. The average price of these homes went down a little, by 1.5 percent, to $499,990. Almost 43.8 percent of these homes were bought with cash.

For townhouses and condos, there was a 12.2 percent decrease in sales, with 237 homes sold in February 2025. The average price for these homes fell by 12.3 percent to $342,000, and 71.7 percent of these sales were cash purchases.

Manatee County

In Manatee County, 500 single-family homes were sold, which is an 8.6 percent decrease compared to last year. The average price for these homes dropped by 4.8 percent to $475,995.

However, sales of townhouses and condos increased by 28.1 percent, with 251 homes sold. About 48.2 percent of these sales were made with cash. The average price for townhouses and condos also went down by 8.4 percent to $319,990.

Inventory

Sarasota County

Even though more homes were sold in Sarasota County, the number of homes available for sale increased by 28.6 percent from last year, reaching 4,292 active listings. This means there is enough inventory for about 6.8 months of sales. It also took longer to get offers on homes, with the average time to get a contract now at 46 days and the average time to complete a sale at 86 days.

The number of active listings for townhouses and condos grew significantly, with 2,618 homes available, providing enough for about 9.1 months. The average time to get an offer increased by 4.8 percent to 44 days, while the average time to finish the sale rose by 3.7 percent to 85 days.

Manatee County

At the end of February, Manatee County had 3,097 active listings, which means there is enough inventory for about 4.9 months. The average time to get an offer on a home decreased by 19.3 percent to 46 days, and the average time to complete a sale went down by 6.9 percent to 95 days.

For townhouses, there were 1,828 active listings, giving an 8.3-month supply of homes, which gives buyers more choices. The average time to get an offer stayed about the same at 51 days, while the average time to finish the sale decreased by 5.4 percent to 88 days.

Our Take

The housing markets in Sarasota and Manatee are currently undergoing significant transformations, marked by an increase in available listings, longer timeframes for sales, and adjustments in pricing across different property types. This surge in inventory has resulted in a higher months of supply, allowing buyers more choices and stronger negotiating power. Cash transactions continue to make up a large portion of the market.

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.

Sarasota Real Estate Market Performance Trends

Closed Sales

Average Sales Price

Median Days on Market

2023 Market Summary

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