Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for March 2024. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show a decrease 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
March 2024 began with a median sale price for single-family homes of $507,500 in Sarasota County. This amount shows an increase of 2.5 percent from the $495,000 recorded at this same time last year. The average sale price is $715,286, which is up 8.7 percent from the $657,973 in March 2023. We are seeing a decrease from last month’s $792,062.
There were 577 closed sales in February 2024, which shows an increase of 11 percent from the 520 closed sales in February 2023. We moved into March with 3,337 active listings in Sarasota County. This number shows a rise of 86.1 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started March 2024 with a median sale price for single-family homes of $499,990. This amount shows an increase of 2 percent from the $490,000 recorded at this same time last year. The average sale price is $722,563, which is up 13 percent from the $639,562 recorded last year. This month’s average price is down from last month’s $735,836.
There were 547 closed sales in February 2024, which shows an increase of 8.7 percent from the 503 closed sales in February 2023. We moved into March with 2,641 active listings in Manatee County. This number shows an increase of 52.5 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $590,937. This number shows a decrease of 14.5 percent from the $690,995 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $385,521. Compared to the $435,748 recorded in March 2023, we’re seeing a decrease of 11.1 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 32.2 percent with 1,126 new properties placed on the market in February 2024. There were 1,039 new listings to hit the market in Manatee County, which shows a rise of 53.3 percent from last year.
The number of cash sales in Sarasota County last month was 281, which is 20.6 percent higher than last year’s 233. The number of cash sales in Manatee County was 191, which is 9.8 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 95.4 percent, which is 0.6 percent lower than last year. Manatee County is recording 95.4 percent received, which shows a decrease of 0.2 percent from February 2023.
Sarasota County‘s median time to sale is currently 81 days, with the median time to contract at 40 days. Manatee County is reporting a median time to sale of 102 days and a median time to contract of 57 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 $715,286 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 $722,563 or less.
