34234 Home Prices & Values

$97,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.8% 1-year change
  • 3.1% 1-year forecast

Market Temperature: NeutralWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in 34234 is $97,100. 34234 home values have gone up 16.8% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in 34234 is $88, which is higher than the North Sarasota average of $82. The median price of homes currently listed in 34234 is $99,977 while the median price of homes that sold is $128,000. The median rent price in 34234 is $1,150, which is higher than the North Sarasota median of $1,050.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 34234 is 16.1%, which is higher than the national value of 6.9%. 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 34234 homeowners underwater on their mortgage is 31.4%.

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Relative ZHVI
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34234 Market Overview

Data through Aug 31, 2014
  • $97,100 ZHVI
  • 3.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $99,977 Median listing price
  • $128,000 Median sale price
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34234 Market Health

Data through Aug 31, 2014
  • 0.8/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 31.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
34236 $466,400 34201 $376,800 34243 $204,600
34239 $189,800 34203 $185,100 34235 $156,300
34232 $149,700 34237 $108,600 34207 $73,900

Listings & Sales

Data through Aug 31, 2014
  • $88 Median list price / sq ft
  • $100 Median sale price / sq ft
  • 28.7% Listings with price cut
23.6%
Sold below listing
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34234 Rentals

Data through Aug 31, 2014
  • 0.8 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,150 Rent list price
  • $0.96 Rent list price / sq ft
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