Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for February 2024. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show an increase in the average sale price of homes when compared month-over-month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
February 2024 began with a median sale price for single-family homes of $535,000 in Sarasota County. This amount shows an increase of 16.3 percent from the $459,999 recorded at this same time last year. The average sale price is $792,062, which is up 17.4 percent from the $674,468 in February 2023. We are seeing an increase from last month’s $713,029.
There were 487 closed sales in January 2024, which shows an increase of 18.5 percent from the 411 closed sales in January 2023. We moved into February with 3,135 active listings in Sarasota County. This number shows a rise of 75.4 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started February 2024 with a median sale price for single-family homes of $525,000. This amount shows an increase of 3.8 percent from the $505,710 recorded at this same time last year. The average sale price is $735,836, which is up 13.1 percent from the $650,544 recorded last year. This month’s average price is up from last month’s $694,847.
There were 408 closed sales in January 2024, which shows an increase of 10.9 percent from the 368 closed sales in January 2023. We moved into February with 2,420 active listings in Manatee County. This number shows an increase of 33.3 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $722,730. This number shows an increase of 8.6 percent from the $665,366 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $441,573. Compared to the $392,332 recorded in February 2023, we’re seeing an increase of 12.6 percent.
SUGGESTED READING: Mortgage Loan Types with Mortgage Calculator
📱 Contact Brock Realty Inc.
💲 What does this mean for home buyers?
New listings in Sarasota County increased by 39.4 percent with 1,196 new properties placed on the market in January 2024. There were 1,033 new listings to hit the market in Manatee County, which shows a rise of 32.3 percent from last year.
The number of cash sales in Sarasota County last month was 487, which is 18.5 percent higher than last year’s 411. The number of cash sales in Manatee County was 408, which is 10.9 percent higher than this month last year.
💵 What does this mean for home sellers?
Regarding the median percent of the original list price received, sellers in Sarasota County are recording 95.2 percent, which is similar to last year at this time. Manatee County is recording 96.2 percent received, which shows an increase of 0.8 percent from January 2023.
Sarasota County‘s median time to sale is currently 83 days, with the median time to contract at 40 days. Manatee County is reporting a median time to sale of 86 days and a median time to contract of 35 days.
🏘️ 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 $792,062 or less.
🏘️ 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 $735,836 or less.
