sarasota real estate - by owner - craigslist (2024)

FAQs

Are Sarasota home prices dropping? ›

Simply put, prices are dipping as supply is rising. In the broader North Port-Sarasota-Bradenton metropolitan area, the median sale price at large dropped 3.7% to $504,900 compared to $524,450 in June of 2023. Active listings in the area shot up 61% — 5,719 from 3,545 — in the same timeframe.

Sale-to-list price ratio: 94.38% Sarasota, FL is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

Besides being a thriving market, Sarasota draws many tourists and relocators because of its beautiful beaches, rich cultural heritage, abundance of attractions and activities, and world-class amenities.

Sarasota, FL is a good real estate investment. The county has a population of around 447,000 people, while Sarasota city is a small-to-medium city with a population of 53,000. Median property prices in Sarasota are around $535,000, which is somewhat affordable compared to the state average.

Sarasota's reported affordability drove its high ranking, but most other resources would call it a generous assessment. Median rent in Sarasota, according to Zillow's database, is $2,845 for all property types: 32% higher than the national median of $2,150.

If you're buying a home in Sarasota, you may be able to get a good deal. 78.3% of homes here sold below asking price last month. Summary: A total of 405 homes were sold or pending in Sarasota in July 2024, down by 7.3% month-over-month.

Florida sellers should expect to pay closing costs between 6.25–9.0% of the home's final selling price, including real estate agent commissions.

Lido Shores

With a median home price of $3,645,502 and a median rent of $3,410, Lido Shores is the most expensive neighborhood on our list. Based on the growth in home prices in Lido Shores over the last 3 years, it ranks No. 1 among all the neighborhoods in Sarasota.

Con: Harsh Humidity & Summer Heat

The weather in Sarasota can often be difficult. The summers get exceedingly hot and humid, with temperature highs of 89 degrees, humidity level highs of about 78% every year, and hurricanes—which affect this area of Southwest Florida about every three years.

How many millionaires are in Sarasota? ›

This translates to approximately 17,000 millionaires in this area. It compares with over 9,900 in the smaller and more exclusive Naples area where 7.1% of its 138,629 total households are in the millionaires' bracket, the top in terms of per capita among all Florida MSAs.

Three new reports show that the Sarasota-Manatee region is still attracting newcomers, but some people are moving out, too.

Prices. In June 2024, the market for single-family homes in Sarasota County saw less interest from buyers. There were 692 homes sold, which is a 10% drop compared to June 2023. The median price for these homes also went down by 5.3%, bringing it to $495,000.

Tampa isn't just one of the hottest housing markets in Florida — it's one of the most desirable markets in the United States! Tampa has a booming job market and plenty of family-friendly activities, including Busch Gardens, the Florida Aquarium, and ZooTampa, making it an attractive place to live and visit on vacation.

The Isles of Sarasota

This master-planned community offers a mix of single-family homes, villas, and townhouses, designed with retirees in mind. The Isles of Sarasota boasts a vibrant community center, tennis courts, a fitness center, and a swimming pool, promoting an active and social lifestyle.

If house prices and mortgage rates continue to rise, buyer demand may wane and so too will median sale prices. Florida housing predictions 2024 note that for the coming months, prices may not decrease, but there is a chance for them to do so before the year closes out.

The Ramsey Solutions research shows that housing prices in Florida have gone up, especially when comparing the fourth quarters of 2022 and 2023, respectively. At the end of 2022, the median sales price of a Florida home was $401,990.

Among America's 50 biggest cities, 20 show annual price declines since last year, and the metro with the steepest drop might surprise you: In Miami, the median home price plummeted 11.2% from a year earlier, to $439,000. Whether any of these softening prices will result in lower housing payments is unclear.