Sarasota, FL Real Estate & Homes for Sale

In January 2025, Sarasota's housing market saw a slight downturn, with home prices declining by 4.8% year-over-year, bringing the median sale price to $550K. Homes in Sarasota are taking longer to sell, averaging 39 days on the market compared to 33 days during the same period last year, indicating a shift toward a more balanced market. However, despite the price dip and longer selling times, buyer activity remains steady, with 101 homes sold in January—an increase from 98 sales last year—suggesting continued demand in the area.

The Sarasota housing market is moderately competitive, with homes typically selling within 49 days. While some properties attract multiple offers, the average home sells for about 5% below the listing price and goes pending in approximately 49 days. However, highly sought-after homes can sell closer to the asking price and go under contract in as little as 10 days, reflecting strong demand in select segments of the market.

As of December 2024, Sarasota, FL, is considered a buyer’s market, meaning the supply of homes exceeds buyer demand. This market dynamic gives buyers more negotiating power, often leading to lower prices, longer days on the market, and increased inventory. Sellers may need to adjust pricing strategies or offer incentives to attract buyers in this slower-paced market.