Palmer Ranch, Sarasota, FL Real Estate Listings & Homes for Sale

The Palmer Ranch housing market is showing signs of cooling. Currently, the median sale price is $583K, representing a 9.0% drop from last year. Homes are selling at an average of $288 per square foot, down 7.2% year-over-year. Properties are also typically selling for 5% below their list price, and they tend to stay on the market for an average of 82.5 days, indicating a slower pace compared to more competitive markets. With 22 homes sold recently and buyers putting down substantial down payments (averaging 67.1%), it suggests that while demand has softened, serious buyers are still investing in the area.

Palmer Ranch is a relatively low-competition market, with homes typically selling in around 82.5 days. Multiple offers are uncommon, and on average, properties sell for about 5% below the list price and go pending in approximately 83 days. However, hot homes—those in higher demand—can sell for around 1% below the list price and go pending much faster, in about 18 days.