Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for May 2024. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show an increase in the number of active listings when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
May 2024 began with a median sale price for single-family homes of $540,000 in Sarasota County. This amount shows an increase of 3.8 percent from the $520,000 recorded at this same time last year. The average sale price is $781,092, which is up 19.8 percent from the $651,850 in May 2023. We are seeing a decrease from last month’s $798,731.
There were 811 closed sales in April 2024, which shows an increase of 8.6 percent from the 747 closed sales in April 2023. We moved into May with 3,305 active listings in Sarasota County. This number shows a rise of 81.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started May 2024 with a median sale price for single-family homes of $530,000. This amount shows a decrease of 7 percent from the $570,000 recorded at this same time last year. The average sale price is $718,603, which is down 2.3 percent from the $735,779 recorded last year. This month’s average price is up from last month’s $653,281.
There were 685 closed sales in April 2024, which shows an increase of 3.5 percent from the 662 closed sales in April 2023. We moved into May with 2,450 active listings in Manatee County. This number shows an increase of 60 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $699,838. This number shows an increase of 24.6 percent from the $561,621 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $435,292. Compared to the $452,160 recorded in May 2023, we’re seeing a decrease of 3.7 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 17.3 percent with 991 new properties placed on the market in April 2024. There were 858 new listings to hit the market in Manatee County, which shows a rise of 17.1 percent from last year.
The number of cash sales in Sarasota County last month was 394, which is 17.3 percent higher than last year’s 336. The number of cash sales in Manatee County was 216, which is 3.1 percent lower 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 94.6 percent, which is 1.1 percent lower than last year. Manatee County is recording 95.7 percent received, which shows a decrease of 0.6 percent from April 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 88 days and a median time to contract of 44 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 $781,092 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 $718,603 or less.
