Home Values

Sarasota Metro 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

$203,400

  • 14.1% 1-year change
  • 1.3% 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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Sarasota Metro is $203,400. Sarasota Metro home values have gone up 14.1% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Sarasota Metro is $145, which is higher than the Florida average of $121. The median price of homes currently listed in Sarasota Metro is $269,900 while the median price of homes that sold is $211,450. The median rent price in Sarasota Metro is $1,900, which is higher than the Florida median of $1,450.

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 Metro is 12.7%, 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 Sarasota Metro homeowners underwater on their mortgage is 18.4%, which is lower than Florida at 23.5%.

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Relative ZHVI
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Sarasota Metro Market Overview

Data through Oct 31, 2014
  • $203,400 ZHVI
  • 1.3% 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
    (Oct 31, 2015)
  • $269,900 Median listing price
  • $211,450 Median sale price
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Sarasota Metro Market Health

Data through Oct 31, 2014
  • 4.4/10 Less healthy
    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.
  • 103 Average days on Zillow (Sep 30, 2014)
  • 18.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 12.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Sarasota Metro

Name Median ZHVI
Nokomis $270,300
Parrish $242,100
Fruitville $213,300
Name Median ZHVI
Venice $194,400
Sarasota $189,900
Englewood $176,000
Name Median ZHVI
Bradenton $173,000
Palmetto $157,300
North Port $140,300

Listings & Sales

Data through Oct 31, 2014
  • $145 Median list price / sq ft
  • $128 Median sale price / sq ft
  • 32.1% Listings with price cut
24.2%
Sold below listing
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Sarasota Metro Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,798 Sarasota Metro
    $1,417 Florida
    $1,337 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
    (Jun 30, 2014)
  • $1,900 Rent list price
  • $1.26 Rent list price / sq ft
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