Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for March 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing a decrease in the number of new listings for condos when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
March 2022 began with a median sale price for single-family homes of $449,900 in Sarasota County. This amount shows an increase of 25 percent from the $359,900 recorded at this same time last year. The average sale price is $632,075, which is up 17.3 percent from the $538,892 in March 2021. We are seeing a decrease from last month’s $680,882.
There were 691 closed sales in February 2022, which shows a decrease of 16.8 percent from the 831 closed sales in February 2021. We moved into March with 492 active listings in Sarasota County. This number shows a drop of 35.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in March 2022 with a median sale price for single-family homes of $478,000. This amount shows an increase of 25.8 percent from the $380,000 recorded at this same time last year. The average sale price is $693,229, which is up 25.3 percent from the $553,312 recorded last year. This month’s average price is up from last month’s $614,630.
There were 559 closed sales in February 2022, which shows an increase of 4.3 percent from the 536 closed sales in February 2021. We moved into March with 414 active listings in Manatee County. This number shows a drop of 27 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $551,588. This number shows a decrease of 1.3 percent from the $558,681 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $371,367. Compared to the $272,932 recorded in March 2021, we’re seeing an increase of 36.1 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 7.1 percent with 788 new properties placed on the market in February 2022. There were 723 new listings to hit the market in Manatee County, which shows a rise of 8.1 percent from last year.
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The number of cash sales in Sarasota County last month was 691, which is down 16.8 percent from last year’s 831. The number of cash sales in Manatee County was 219, which is 29.6 percent higher than this month last year.
💵 What does this mean for home sellers?
When it comes to the median percent of the original list price received, sellers in Sarasota County are recording 100 percent, which is an increase of 1.2 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 1 percent from March 2021.
Sarasota County‘s median time to sale is currently 43 days, with the median time to contract at 6 days. Manatee County is reporting a median time to sale of 43 days and a median time to contract of 6 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 $632,075 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 $693,229 or less.