Home Values

Sarasota Springs 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

$154,400

  • 10.4% 1-year change
  • 0.7% 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 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

Cold

Buyers' Market
Sellers' Market

The median home value in Sarasota Springs is $154,400. Sarasota Springs home values have gone up 10.4% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Sarasota Springs is $119, which is lower than the Sarasota Metro average of $149. The median price of homes currently listed in Sarasota Springs is $154,900 while the median price of homes that sold is $143,000. The median rent price in Sarasota Springs is $1,600, which is lower than the Sarasota Metro median of $2,100.

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 Springs is 12.2%, which is higher than the national value of 6.4%. 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 Springs homeowners underwater on their mortgage is 15.0%, which is lower than Sarasota Metro at 15.6%.

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Relative ZHVI
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Sarasota Springs Market Overview

Data through Jan 31, 2015
  • $154,400 ZHVI
  • 0.7% 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
    (Jan 31, 2016)
  • $154,900 Median listing price
  • $143,000 Median sale price (Dec 31, 2014)
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Sarasota Springs Market Health

Data through Jan 31, 2015
  • 3.5/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 15.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 12.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Fruitville $217,400
Southgate $209,500
Bee Ridge $206,000
Name Median ZHVI
The Meadows $183,000
Lake Sarasota $182,200
South Gate Ridge $169,300
Name Median ZHVI
Gulf Gate Estates $168,800
Ridge Wood Heights $153,500
Kensington Park $131,800

Listings & Sales

Data through Jan 31, 2015
  • $119 Median list price / sq ft
  • $111 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
19.8%
Sold below listing
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Sarasota Springs Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,919 Sarasota Metro
    $1,350 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,600 Rent list price
  • No data Rent list price / sq ft
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