Weekly Market Report
Longboat Key, FL 34228
Single-Family Homes
Chris Tobiasz, Sales Manager | Tel: 941-928-5259 | Email: christopher.tobiasz@cleartitlegroup.com
Longboat Key, FL 34228
Fri Jun 20 2025
This week the median list price for Longboat Key, FL 34228 is $2,322,000 with the market action index hovering around 30. This is an increase over last month's market action index of 26. Inventory has held steady at or around 106.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $2,322,000 | |
| Median Price of New Listings | $17,994,500 | |
| Per Square Foot | $933 | |
| Average Days on Market | 144 | |
| Median Days on Market | 119 | |
| Price Decreased | 41% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 106 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $9,750,000 | 4,438 | 0.5 - 1 acre | 5 | 6 | 20 | 1 | 1 | 119 |
| $3,097,500 | 3,253 | 0.25 - 0.5 acre | 4 | 4 | 29 | 0 | 3 | 126 |
| $1,795,000 | 2,270 | 0.25 - 0.5 acre | 3 | 3 | 52 | 0 | 1 | 98 |
| $994,475 | 1,583 | 0.25 - 0.5 acre | 3 | 2 | 62 | 1 | 2 | 140 |