Is Sarasota, FL 34240 a buyer’s or seller’s market?
Sarasota is a seller’s market. With about 3.2 months of supply and 2% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 19% of U.S. ZIP codes, and #300 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Sarasota housing market right now
In the three months ending August 31, 2026, 2% of homes in Sarasota, FL 34240 sold above their list price, the typical home went under contract in 47 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 176 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (1% then), homes sold faster (76 days then) and the median sale price rose 23% to $857,129. Overall, Sarasota is more competitive than a year ago, so tougher for buyers.
Within Sarasota County, homes here sell faster than in 87% of the county’s ZIP codes, and sell less often over asking than in 96%. On our competition score, Sarasota ranks #300 of 796 FL ZIP codes with enough sales (score 24 out of 100).
Nearby, Sarasota 34232 (11% sold over asking) and Sarasota 34233 (11% sold over asking) are even more competitive.
Run the numbers for 34240
Nearby markets
Englewood 34223Seller’s market $291 /sq ftLongboat Key 34228Balanced $575 /sq ftNokomis 34275Seller’s market $250 /sq ftNorth Port 34286Balanced $198 /sq ft Browse all markets →Towns like Sarasota nearby
Find towns like Sarasota in other states →Where Sarasota is
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Questions about Sarasota real estate
Is Sarasota a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Sarasota, FL 34240 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Sarasota?
The typical home went under contract in 47 days in the latest three months.
Do homes in Sarasota sell over asking?
2% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Sarasota?
About 0.75% of a home’s value a year in Sarasota County, or roughly $3,000 on a $400,000 home.
What is the median home price in Sarasota?
The median sale price was $857,129 in the three months ending August 31, 2026, about $334 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology