Victoria and Dave Ranck

Sarasota, FL 34241

Single-Family Homes

REALTORS, Keller Williams Classic Group



Sarasota, FL 34241

Sat Nov 27 2021
This week the median list price for Sarasota, FL 34241 is $712,500 with the market action index hovering around 71. This is an increase over last month's market action index of 67. Inventory has decreased to 16. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Sarasota, FL 34241

Sat Nov 27 2021
This week the median list price for Sarasota, FL 34241 is $712,500 with the market action index hovering around 71. This is an increase over last month's market action index of 67. Inventory has decreased to 16. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $712,500
Median Price of New Listings $625,000
Per Square Foot $303
Average Days on Market 74
Median Days on Market 56
Price Decreased 25%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent $4,780
Market Action 71
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,149,500 3,956 5 - 10 acres 4 3.8 25 0 1 115
$939,500 2,811 1 - 2.5 acres 4 3 21 2 3 28
$602,250 2,838 0.25 - 0.5 acre 4 3 31 2 3 66
$403,450 1,397 8,000 - 10,000 sqft 3 2 42 1 4 17