The Robert Slack Market Report

Sarasota, FL 34238

Condos/Townhomes

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Sarasota, FL 34238

Sat May 18 2024
This week the median list price for Sarasota, FL 34238 is $388,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 103. Click here to stay informed with the Sarasota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sarasota, FL 34238

Sat May 18 2024
This week the median list price for Sarasota, FL 34238 is $388,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 103. Click here to stay informed with the Sarasota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $388,000
Median Price of New Listings $407,450
Per Square Foot $266
Average Days on Market 90
Median Days on Market 63
Price Decreased 51%
Price Increased 4%
Relisted 2%
Inventory 103
Median Rent
Market Action 30
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$499,000 1,798 0 - 4,500 sqft 3 2.3 20 2 0 63
$432,000 1,696 0 - 4,500 sqft 3 2 20 5 1 59
$346,950 1,300 - 2 2 26 3 1 73
$279,500 1,069 - 2 2 27 2 4 70