The Robert Slack Market Report

Sarasota, FL 34233

Condos/Townhomes

Find Your Next Home https://www.robertslackflorida.com/


Sarasota, FL 34233

Mon Sep 09 2024
This week the median list price for Sarasota, FL 34233 is $297,000 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 40. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sarasota, FL 34233

Mon Sep 09 2024
This week the median list price for Sarasota, FL 34233 is $297,000 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 40. 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

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $297,000
Median Price of New Listings $324,950
Per Square Foot $225
Average Days on Market 115
Median Days on Market 77
Price Decreased 63%
Price Increased 0%
Relisted 5%
Inventory 40
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$382,000 1,626 1 - 2.5 acres 3 2 21 2 1 66
$314,750 1,198 0 - 4,500 sqft 2 2 21 3 1 66
$269,499 1,144 10 - 20 acres 2 2 22 0 1 105
$188,250 1,182 N/A 2 2 48 1 1 119