Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for September 2024. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show a decrease in the average price for home listings month-over-month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
September 2024 began with a median sale price for single-family homes of $475,000 in Sarasota County. This amount shows a decrease of 8.5 percent from the $519,000 recorded at this same time last year. The average sale price is $657,050 down 10.1 percent from the $730,826 in September 2023. We are seeing a decrease from the previous month’s $678,657.
There were 633 closed sales in August 2024, which shows a decrease of 1.9 percent from the 645 closed sales in August 2023. We moved into September with 2,907 active listings in Sarasota County. This number shows a rise of 46.6 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started September 2024 with a median sale price for single-family homes of $494,000. This amount shows a decrease of 5.9 percent from the $525,000 recorded at this same time last year. The average sale price is $609,789, which is down 14.8 percent from the $715,711 recorded last year. This month’s average price is down from last month’s $661,104.
There were 615 closed sales in August 2024, which shows a decrease of 0.2 percent from the 615 closed sales in August 2023. We moved into September with 2,496 active listings in Manatee County. This number shows an increase of 49.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $481,706. This number shows a decrease of 8.7 percent from the $527,829 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $385,931. Compared to the $393,727 recorded in September 2023, we’re seeing a decrease of 8.1 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 10.1 percent with 739 new properties placed on the market in August 2024. There were 797 new listings to hit the market in Manatee County, which shows a rise of 3.6 percent from last year.
The number of cash sales in Sarasota County last month was 229, which is 22.1 percent lower than last year’s 294. The number of cash sales in Manatee County was 189, which is 1.6 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 93.7 percent, which is 2.2 percent lower than last year. Manatee County is recording 95.3 percent received, which shows a decrease of 1.4 percent from August 2023.
Sarasota County‘s median time to sale is currently 89 days, with the median time to contract at 45 days. Manatee County is reporting a median time to sale of 103 days and a median time to contract of 54 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 $657,050 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 $609,789 or less.
