Home Values

Sarasota 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

$200,700

  • 17.1% 1-year change
  • 2.4% 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Sarasota is $200,700. Sarasota home values have gone up 17.1% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Sarasota is None.

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 Sarasota is 13.9%, which is higher than the national value of 6.3%. 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 Sarasota homeowners underwater on their mortgage is 16.2%, which is higher than Sarasota Metro at 14.6%.

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Relative ZHVI
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Sarasota Market Overview

Data through Apr 30, 2015
  • $200,700 ZHVI
  • 2.4% 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
  • $194,950 Median sale price (Mar 31, 2015)
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Sarasota Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 16.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 13.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Neighborhoods in Sarasota

Name Median ZHVI
Downtown Sarasota $463,100
Alta Vista $113,200
Park East $68,400

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $202 Median sale price / sq ft
  • No data Listings with price cut
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Sarasota 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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.61 Rent list price / sq ft
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