Hereโs a look at the Sarasota & Manatee Countiesโ Real Estate Market for August 2024. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, both counties show a decrease in the average price for home listings month-over-month. Read more about this monthโs real estate market trends.
- ๐ A Look at Sarasota County Housing Stats
- ๐ A Look at Manatee County Housing Stats
- ๐ Condo and Townhouse Details
- ๐ฑ Contact Brock Realty Inc.
- ๐ฒ What does this mean for home buyers?
- ๐ต What does this mean for home sellers?
- ๐๏ธ Sarasota County Homes for Sale
- ๐๏ธ Manatee County Homes for Sale
๐ A Look at Sarasota County Housing Stats
August 2024 began with a median sale price for single-family homes of $470,000 in Sarasota County. This amount shows a decrease of 12.1 percent from the $535,000 recorded at this same time last year. The average sale price is $678,657, down 2.1 percent from the $693,180 in August 2023. We are seeing a decrease from the previous month’s $689,301.

There were 642 closed sales in July 2024, which shows an increase of 1 percent from the 633 closed sales in July 2023. We moved into August with 3,068 active listings in Sarasota County. This number shows a rise of 59.5 percent from this time last year.
๐ A Look at Manatee County Housing Stats
Manatee County started August 2024 with a median sale price for single-family homes of $499,000. This amount shows a decrease of 3.1 percent from the $515,000 recorded at this same time last year. The average sale price is $661,104, which is up 8.4 percent from the $641,991 recorded last year. This month’s average price is down from last month’s $736,322.

There were 686 closed sales in July 2024, which shows an increase of 9.9 percent from the 624 closed sales in July 2023. We moved into August with 2,488 active listings in Manatee County. This number shows an increase of 55.2 percent from this time last year.
๐ Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $537,872. This number shows an increase of 2.7 percent from the $523,922 recorded this time last year.

The average sale price for condos and townhouses in Manatee County is $354,404. Compared to the $388,610 recorded in August 2023, weโre seeing a decrease of 8.8 percent.
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๐ฑ Contact Brock Realty Inc.
๐ฒ What does this mean for home buyers?
New listings in Sarasota County increased by 8.3 percent with 799 new properties placed on the market in July 2024. There were 771 new listings to hit the market in Manatee County, which shows a rise of 8.3 percent from last year.

The number of cash sales in Sarasota County last month was 238, which is 15 percent lower than last year’s 280. The number of cash sales in Manatee County was 217, which is 14.2 percent higher than this month last year.
๐ต What does this mean for home sellers?
Regarding the median percent of the original list price received, sellers in Sarasota County are recording 93.1 percent, which is 3.3 percent lower than last year. Manatee County is recording 95.8 percent received, which shows a decrease of 1.3 percent from July 2023.

Sarasota Countyโs median time to sale is currently 94 days, with the median time to contract at 52 days. Manatee County is reporting a median time to sale of 100 days and a median time to contract of 52 days.
๐๏ธ Sarasota County Homes for Sale
See Additional Reports on the Sarasota County & Manatee County Real Estate Market
Here are the most recent home listings just added to the database in the average sale price range for Sarasota County. All homes are priced at $678,657 or less.
๐๏ธ Manatee County Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Manatee County. All homes are priced at $661,104 or less.

