Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for November 2023. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show an increase in the number of new listings when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
November 2023 began with a median sale price for single-family homes of $520,000 in Sarasota County. This amount shows a decrease of 3.3 percent from the $537,500 recorded at this same time last year. The average sale price is $699,068, which is up 0.7 percent from the $694,106 in November 2022. We are seeing an increase from last month’s $691,022.
There were 538 closed sales in October 2023, which shows an increase of 3.5 percent from the 520 closed sales in October 2022. We moved into November with 2,424 active listings in Sarasota County. This number shows a rise of 52.7 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in November 2023 with a median sale price for single-family homes of $479,000. This amount shows a decrease from the $549,444 recorded at this same time last year. The average sale price is $658,503, which is down 7.4 percent from the $711,358 recorded last year. This month’s average price is down from last month’s $661,608.
There were 609 closed sales in October 2023, which shows an increase of 6.5 percent from the 572 closed sales in October 2022. We moved into November with 1,994 active listings in Manatee County. This number shows an increase of 14.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $606,800. This number shows an increase of 3.9 percent from the $584,051 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $415,591. Compared to the $388,102 recorded in November 2022, we’re seeing an increase of 7.1 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 69.8 percent with 949 new properties placed on the market in October 2023. There were 814 new listings to hit the market in Manatee County, which shows a rise of 24.5 percent from last year.
The number of cash sales in Sarasota County last month was 247, which is 12.3 percent higher than last year’s 220. The number of cash sales in Manatee County was 200, which is 3.1 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 96.7 percent, which remains consistent with last year at this time. Manatee County is recording 97.7 percent received, which shows an increase of 1.3 percent from October 2022.
Sarasota County‘s median time to sale is currently 70 days, with the median time to contract at 29 days. Manatee County is reporting a median time to sale of 83 days and a median time to contract of 29 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 $699,068 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 $658,503 or less.
