Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for September 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing a decrease in the average sale price of single-family homes when compared to last month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
September 2022 began with a median sale price for single-family homes of $475,250 in Sarasota County. This amount shows an increase of 21.8 percent from the $390,093 recorded at this same time last year. The average sale price is $675,808, which is up 21.7 percent from the $555,508 in September 2021. We are seeing a decrease from last month’s $717,398.
There were 678 closed sales in August 2022, which shows a decrease of 16.8 percent from the 815 closed sales in August 2021. We moved into September with 1,557 active listings in Sarasota County. This number shows a rise of 107.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in September 2022 with a median sale price for single-family homes of $525,000. This amount shows an increase of 22.1 percent from the $430,000 recorded at this same time last year. The average sale price is $655,261, which is up 13 percent from the $579,647 recorded last year. This month’s average price is down from last month’s $689,490.
There were 576 closed sales in August 2022, which shows a decrease of 17 percent from the 694 closed sales in August 2021. We moved into September with 1,642 active listings in Manatee County. This number shows an increase of 191.1 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $494,796. This number shows an increase of 7.3 percent from the $461,046 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $404,094. Compared to the $302,733 recorded in September 2021, we’re seeing an increase of 33.5 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 7.8 percent with 847 new properties placed on the market in August 2022. There were 708 new listings to hit the market in Manatee County, which shows a drop of 8.4 percent from last year.
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The number of cash sales in Sarasota County last month was 294, which is down 19.9 percent from last year’s 367. The number of cash sales in Manatee County was 189, which is 24.7 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 97.4 percent, which shows a decrease of 2.6 percent from last year’s 100%. Manatee County is recording 98.6 percent received, which shows a decrease of 1.4 percent from September 2021.
Sarasota County‘s median time to sale is currently 56 days, with the median time to contract at 14 days. Manatee County is reporting a median time to sale of 57 days and a median time to contract of 13 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 $675,808 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 $655,261 or less.
