Is Longboat Key, FL 34228 a buyer’s or seller’s market?

The Longboat Key housing market right now

In the three months ending August 31, 2026, 3% of homes in Longboat Key, FL 34228 sold above their list price, the typical home went under contract in 98 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 158 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (2% then), homes sold more slowly (82 days then) and the median sale price rose 13% to $1,049,546. Overall, Longboat Key is less competitive than a year ago, which gives buyers more room.

Within Sarasota County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Longboat Key ranks #679 of 796 FL ZIP codes with enough sales (score 8 out of 100).

Nearby, Sarasota 34232 (11% sold over asking) and Sarasota 34233 (11% sold over asking) are even more competitive.