Search homes for sale in Sarasota, FL with real estate experts The Thompson Group.
The Sarasota housing market is relatively low in competition. Last month, the median sale price for a home in Sarasota was $462,000, reflecting a 6.3% decrease from the previous year. The median price per square foot is currently $333, down 14.4% year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
The Sarasota real estate market is showing signs of cooling, with home prices down 6.3% from last year to a median of $462,000 and a notable 14.4% drop in the median price per square foot to $333. Homes are spending more time on the market, averaging 57 days compared to 43 days last year, which, along with a decrease in the number of homes sold (84 this September versus 117 last year), reflects softer buyer demand. This reduced competition and extended time on the market suggest that buyers may find more negotiating power as the market adjusts.
The Sarasota housing market is relatively calm, with homes typically selling in about 58 days and multiple offers being uncommon. On average, properties sell for approximately 5% below the list price, taking around 58 days to go pending. However, "hot" homes—those in particularly high demand—may sell closer to the list price and go pending within just 17 days. This indicates that while the market generally favors buyers with room for negotiation, well-priced or highly desirable homes can still attract swift interest, revealing pockets of activity even in a less competitive environment.
Nationwide, 1% of homebuyers explored relocating to Sarasota from other metropolitan areas, highlighting its appeal as a destination for those considering a lifestyle change. The most significant interest came from New York, followed closely by Chicago and Miami, suggesting that Sarasota’s warm climate, coastal lifestyle, and relatively lower cost of living are attracting buyers from large, high-density urban areas. This trend indicates Sarasota's growing reputation as a sought-after location for those seeking a more relaxed pace without sacrificing access to city amenities.
Whether you’re just starting to explore Sarasota or ready to make it your next home, our team is here to guide you every step of the way. From neighborhood insights to the latest market details, we’re dedicated to helping you find your ideal property in Sarasota. Reach out to us today with any questions or to start your journey to owning a home in this beautiful coastal city!
Curious about life in Sarasota, FL? Our in-depth neighborhood guide is your gateway to discovering all this beautiful coastal city has to offer—from vibrant communities to local amenities and lifestyle highlights. Whether you’re considering a move or simply want to explore, this guide provides everything you need to get to know Sarasota. Start browsing now to find the perfect neighborhood fit for you!
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