What Is the Sarasota Housing Market Doing This Week?

Market at a Glance

Sarasota County closed out the week of June 28 through July 4, 2026 with 203 active listings, 218 pending contracts, and 277 closed sales, alongside 108 expired listings and 115 withdrawals or cancellations. The median sold price came in at $425,000, translating to a median of $245 per square foot, while sellers achieved 91.8% of their original list price on average. Cash buyers accounted for 39.7% of closings, and closed listings averaged 91 days on the market, painting a picture of a market that remains active, well-priced, and responsive to properly positioned inventory.

Inventory and New Supply

Active inventory stands at 203 listings countywide, with new construction making up 18.8% of that total. Broken down across the five standard price bands, availability looks like this:

• Under $500K: 134 active listings
• $500K – $999K: 39 active listings
• $1M – $1.99M: 18 active listings
• $2M – $4.99M: 7 active listings
• $5M+: 5 active listings

The concentration of supply below $500,000 confirms that entry-level and move-up buyers have the deepest pool of choices, while luxury inventory above $2 million remains comparatively scarce.

Pending and Closed Activity

Sarasota County logged 218 pending contracts and 277 closed sales during the window. Cash sales made up 39.7% of those closings, a meaningful share that points to continued investor and relocation demand not reliant on financing. Sellers who accepted contracts achieved 91.8% of list price on average, indicating that accurately priced homes are still commanding close-to-asking offers rather than steep concessions.

Days on the Market and Pricing Power

Closed sales averaged 91 days on the market from list to close, while active listings currently show just 1 day on market on average — a clear signal that a fresh wave of new inventory is hitting the market alongside these completed transactions. The median sold price of $425,000 and median price per square foot of $245 reflect a market where pricing power still favors well-prepared sellers, particularly on newer listings.

Withdrawals, Cancellations, and Expirations

The week saw 108 expired listings and 115 withdrawals or cancellations, a combined figure that outpaces new active supply. This typically reflects sellers testing pricing that didn’t align with buyer expectations, or timeline changes that led owners to pull listings rather than adjust price. For sellers re-entering the market, this is a reminder that pricing strategy at initial listing matters more than ever in avoiding a stale listing cycle.

Segment Performance

Single-Family Homes

Single-family residences remain the backbone of Sarasota County’s market, with 138 active listings, 151 pending contracts, and 178 closed sales. The median sold price for single-family homes reached $499,475, at a median of $257 per square foot, with an average of 77 days on the market — notably faster than the countywide average, underscoring strong demand for detached housing.

Condos, Townhouses, and Villas

The condo, townhouse, and villa segment posted 65 active listings, 67 pending contracts, and 99 closed sales. Median sold price came in at $322,000, at $210 per square foot, with an average of 116 days on the market. The longer selling timeline compared to single-family homes suggests buyers in this segment are more price-sensitive and take longer to commit, particularly for larger condo developments.

Where the Activity Is

Sarasota led all submarkets with 91 active, 111 pending, and 122 closed sales, followed by Venice with 47 active, 51 pending, and 75 closed. North Port posted 50 active, 27 pending, and 37 closed sales, while Nokomis recorded 6 active, 13 pending, and 17 closed. Englewood saw 2 active, 7 pending, and 11 closed sales, Longboat Key logged 2 active, 3 pending, and 8 closed, and Osprey rounded out the group with 3 active, 4 pending, and 3 closed. Together these seven markets accounted for the vast majority of countywide activity, with an additional 4 closings occurring in other Sarasota County submarkets.

Frequently Asked Questions

The Actionable Playbook

For buyers, the data points toward Single Family Residences as the fastest-moving property type, averaging just 77 days on market compared to 129 days for condominiums. Within price bands, the $1M – $1.99M range is moving quickest at an average of 72.6 days, while the $2M – $4.99M band lags considerably at 211.5 days — a potential opening for buyers willing to negotiate in that upper tier. Nokomis stands out as the fastest-selling city at just 59.3 days on market, while Venice, despite heavy volume with 75 closings, runs slower at 97.3 days on average.

For sellers, the Under $500K band remains the highest-volume segment countywide, meaning competition among sellers is steepest there and pricing precision matters most. Luxury properties priced at $1 million and above are averaging 109.3 days on market across 40 closings, with a luxury median sold price of $1,450,000 — a reminder that upper-tier sellers should expect a longer runway and price accordingly from day one.

What this means for buyers: move quickly and decisively on well-priced single-family homes, especially in Nokomis and the $1M–$1.99M range, where competition is fiercest and inventory turns fast. Buyers eyeing the $2M–$4.99M band may find more room to negotiate given the extended average time on market.

What this means for sellers: single-family homes and homes priced in the fast-moving bands are rewarding sellers who price accurately at listing. Condo and luxury sellers should plan for a longer marketing period and lean on strong presentation and pricing strategy to avoid drifting into expired or withdrawn status.

The data above is compiled from the Stellar MLS / MFRMLS feed for Sarasota County, filtered to Single Family, Condominium, Townhouse, and Villa property types priced above $80,000. For a personalized breakdown of what these trends mean for your property or your search, connect with Michael Renick and the Team Renick group.

“Mike and Eric are the best realtors in Sarasota! They were true partners throughout the entire buying process. Finding a condo in such a difficult market was easy thanks to Team Renick. They took the time to understand our needs and responded to any questions we had immediately! I highly recommend using Team Renick for all of your buying and selling needs!”

“Mike and Eric have created an incredible, stress-free real estate experience. Not only are they timely and responsive to questions, but they inform and counsel effectively as you navigate the options you are considering. It was the best home buying experience I’ve had! If you need a great team, these two must be your choice.”