Is Sarasota, FL 34242 a buyer’s or seller’s market?
Sarasota is a buyer’s market. With about 7.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #762 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, 3% of homes in Sarasota, FL 34242 sold above their list price, the typical home went under contract in 129 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 126 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (1% then), homes sold more slowly (84 days then) and the median sale price rose 7% to $987,073. Overall, Sarasota is less competitive than a year ago, which gives buyers more room.
Within Sarasota County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 87%. On our competition score, Sarasota ranks #762 of 796 FL ZIP codes with enough sales (score 4 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 34242
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 buyer’s market: there were 7.3 months of supply in Sarasota, FL 34242 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 129 days in the latest three months.
Do homes in Sarasota sell over asking?
3% of homes sold above their original list price, and the typical sale closed at 94.6% 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 $987,073 in the three months ending August 31, 2026, about $643 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