Home Values

34242 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$541,800

  • 6.0% 1-year change
  • -1.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in 34242 is $541,800. 34242 home values have gone up 6.0% over the past year and Zillow predicts they will fall -1.7% within the next year. The median list price per square foot in 34242 is None. The median rent price in 34242 is $3,500, which is higher than the Sarasota Metro median of $1,800.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 34242 homeowners underwater on their mortgage is 5.1%, which is lower than Sarasota Metro at 14.6%.

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Relative ZHVI
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34242 Market Overview

Data through Apr 30, 2015
  • $541,800 ZHVI
  • -1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $464,500 Median sale price
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34242 Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 5.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
34236 $466,400
34229 $381,000
34238 $295,800
Name Median ZHVI
34239 $189,800
34233 $183,500
34231 $172,300
Name Median ZHVI
34232 $149,700
34237 $108,600
34234 $88,200

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $349 Median sale price / sq ft
  • No data Listings with price cut
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34242 Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,936 Sarasota Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $3,500 Rent list price
  • $2.49 Rent list price / sq ft
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