Search luxury real estate, condos, and homes for sale in Downtown Sarasota with real estate agent, Judy Limekiller. Find your property in Downtown Sarasota.
The Downtown Sarasota housing market is not very competitive, despite notable price growth, with the median home price rising 15.0% year-over-year to $1.1M and the price per square foot surging 43.5% to $792. This suggests strong property value appreciation, likely driven by demand for luxury or high-end residences, but the lack of competitiveness indicates that buyers still have negotiating power, and homes may take longer to sell even at higher prices.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In June 2025, Downtown Sarasota’s housing market showed strong price growth, with home prices up 15.0% year-over-year to a median of $1.1M, reflecting continued demand for high-value properties. Homes are selling faster, averaging 67 days on the market compared to 87 days last year, indicating more motivated buyers. However, total sales dropped to 33 homes from 55 last year, suggesting that while prices are rising, fewer transactions are occurring, possibly due to limited inventory or buyers becoming more selective at higher price points.
Downtown Sarasota is not very competitive, with homes typically taking around 67 days to sell and averaging about 8% below list price, giving buyers substantial negotiating leverage. Multiple offers are uncommon, and even hot homes—those in desirable locations or priced attractively—generally sell for around 4% below asking and go pending in about 39 days. This slower pace and pricing flexibility make it a favorable market for buyers seeking high-value properties at reduced prices.
Downtown Sarasota is a buyer’s market in June 2025, meaning there are more homes available than buyers actively purchasing. This excess supply gives buyers a strong advantage, with greater negotiating power, more options to choose from, and the likelihood of securing properties below asking price. Sellers may need to adjust pricing or offer concessions to attract interest, making it an opportune time for buyers to explore deals on high-value properties in this desirable area.
Whether you're looking for a move-in-ready property, a golf course view, or a low-maintenance lifestyle, Judy is ready to help. Get personalized recommendations, community insights, and schedule private showings to find the perfect home in Downtown Sarasota.
Downtown Sarasota offers properties just steps from Sarasota Bay, where residents can enjoy marinas, waterfront parks, and panoramic sunset views. Buyers should consider whether they want direct bayfront access, a marina slip, or simply a property within walking distance of the shoreline. Waterfront properties often command premium pricing, but they also deliver unmatched lifestyle benefits, from boating and paddleboarding to leisurely evening walks along the Bayfront Park and Marina Jack.
Downtown Sarasota is known for its vibrant cultural scene, with theaters, art galleries, the opera house, and fine dining all within a compact area. Buyers should assess walkability scores and neighborhood layout to determine how easily they can enjoy these amenities without relying on a car. Living within a few blocks of Main Street or Palm Avenue, for instance, means direct access to year-round festivals, farmers markets, and upscale restaurants, enhancing both lifestyle and property value.
From modern high-rise condos with sleek glass facades to historic Mediterranean Revival buildings, Downtown Sarasota offers a range of architectural styles. Buyers should consider how style impacts resale value, HOA fees, and daily living experience. Contemporary towers may feature luxury amenities like rooftop pools and fitness centers, while older boutique buildings often offer more character and larger floor plans. Architectural choice also ties into community atmosphere—some buildings attract retirees, while others cater to younger professionals or seasonal residents.
Downtown Sarasota’s popularity as a tourist destination means certain streets and areas experience higher foot and vehicle traffic, especially during peak season (winter months). Buyers should evaluate how tourism impacts noise levels, parking availability, and privacy. Properties closer to nightlife hubs and entertainment venues may offer unmatched convenience but could also come with more street activity. Visiting potential properties during both daytime and evening hours can help gauge the environment accurately.
Parking in downtown cores can be challenging, and not all properties include designated spaces. Buyers should assess whether units come with covered parking, guest parking options, or valet service. Additionally, proximity to public transportation, bike lanes, and ride-share access can influence convenience, especially for those who want a car-light lifestyle. Being near major roads like US-41 (Tamiami Trail) also provides quick connections to Sarasota’s beaches, airport, and surrounding neighborhoods.
Many Downtown Sarasota properties—especially condos—are governed by homeowners associations (HOAs). Buyers should review HOA fees in detail, as these can vary widely based on amenities like concierge service, security, fitness centers, and rooftop lounges. It's also critical to understand HOA rules regarding rentals, renovations, and pet ownership, as these can impact both daily living and investment potential. For those considering short-term rentals, certain buildings have strict restrictions that could affect income generation.
Downtown Sarasota offers a unique blend of vibrant city living and coastal charm. Whether you have questions about the local market or are ready to find your dream home, Judy is here to help. With her expertise and in-depth knowledge of the area, she’ll guide you every step of the way. Don’t wait—reach out today to start your journey!
Thinking about making Downtown Sarasota your home? Explore everything this vibrant neighborhood has to offer with our comprehensive guide. From stunning properties and local hotspots to insider tips on living in this dynamic area, our guide has all the details you need to fall in love with Downtown Sarasota. Dive in now and start planning your next move!
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