Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for June 2024. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show an increase in the number of new home listings when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
June 2024 began with a median sale price for single-family homes of $530,000 in Sarasota County. This amount shows an increase of 3.9 percent from the $510,000 recorded at this same time last year. The average sale price is $743,303, which is up 6.3 percent from the $699,344 in June 2023. We are seeing a decrease from last month’s $781,082.
There were 850 closed sales in May 2024, which shows an increase of 3.4 percent from the 822 closed sales in May 2023. We moved into June with 3,239 active listings in Sarasota County. This number shows a rise of 77.6 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started June 2024 with a median sale price for single-family homes of $525,000. This amount shows an increase of 1.9 percent from the $515,000 recorded at this same time last year. The average sale price is $709,406, which is up 3.4 percent from the $686,015 recorded last year. This month’s average price is down from last month’s $718,603.
There were 801 closed sales in May 2024, which shows a decrease of 0.2 percent from the 803 closed sales in May 2023. We moved into June with 2,570 active listings in Manatee County. This number shows an increase of 68.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $545,992. This number shows a decrease of 6.1 percent from the $581,564 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $412,348. Compared to the $606,255 recorded in June 2023, we’re seeing a decrease of 32 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 13.2 percent with 920 new properties placed on the market in May 2024. There were 966 new listings to hit the market in Manatee County, which shows a rise of 24.8 percent from last year.
The number of cash sales in Sarasota County last month was 353, which is 5.6 percent lower than last year’s 374. The number of cash sales in Manatee County was 253, which is 1.6 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 94.2 percent, which is 2.1 percent lower than last year. Manatee County is recording 95.6 percent received, which shows a decrease of 0.1 percent from May 2023.
Sarasota County‘s median time to sale is currently 84 days, with the median time to contract at 43 days. Manatee County is reporting a median time to sale of 95 days and a median time to contract of 45 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 $743,303 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 $709,406 or less.
