Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for October 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing an increase in active listings compared to this same time last year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
October 2022 began with a median sale price for single-family homes of $497,275 in Sarasota County. This amount shows an increase of 22.2 percent from the $407,000 recorded at this same time last year. The average sale price is $679,035, which is up 29.4 percent from the $524,901 in October 2021. We are seeing an increase from last month’s $675,808.
There were 458 closed sales in September 2022, which shows a decrease of 45.1 percent from the 835 closed sales in September 2021. We moved into October with 1,591 active listings in Sarasota County. This number shows a rise of 106.4 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in October 2022 with a median sale price for single-family homes of $517,193. This amount shows an increase of 20.3 percent from the $430,000 recorded at this same time last year. The average sale price is $624,142, which is up 7.6 percent from the $580,073 recorded last year. This month’s average price is down from last month’s $655,261.
There were 422 closed sales in September 2022, which shows a decrease of 37.5 percent from the 675 closed sales in September 2021. We moved into October with 1,667 active listings in Manatee County. This number shows an increase of 187.9 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $607,711. This number shows an increase of 17.8 percent from the $515,753 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $401,183. Compared to the $321,810 recorded in October 2021, we’re seeing an increase of 24.7 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 32.4 percent with 608 new properties placed on the market in September 2022. There were 617 new listings to hit the market in Manatee County, which shows a drop of 8.6 percent from last year.
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The number of cash sales in Sarasota County last month was 194, which is down 48.4 percent from last year’s 376. The number of cash sales in Manatee County was 141, which is 47.2 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 95.8 percent, which shows a decrease of 4.2 percent from last year’s 100%. Manatee County is recording 96.6 percent received, which shows a decrease of 3.4 percent from October 2021.
Sarasota County‘s median time to sale is currently 61 days, with the median time to contract at 20 days. Manatee County is reporting a median time to sale of 62 days and a median time to contract of 19 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 $679,035 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 $624,142 or less.
