sarasota real estate - by owner - craigslist (2024)

FAQs

Is Sarasota real estate overpriced? ›

Sarasota's median sale price is 12% higher than the national average. Overall cost of living in Sarasota is 4% higher than the national average. Learn which home features in Sarasota add value to a home.

Sarasota, FL is a good real estate investment. The county has a population of around 447,000 people, while Sarasota city is a small-to-medium city with a population of 53,000. Median property prices in Sarasota are around $535,000, which is somewhat affordable compared to the state average.

The Sunshine State is home to nine of the 15 most overvalued markets in the United States, led by Tampa, Jacksonville, Orlando, and Miami. Currently, buyers are paying an almost 39% premium for the typical home in Miami, placing the area as the 11th most overvalued area in the entire country.

Last month's median sale price for a single-family home in Sarasota County dropped 5.3% to $495,000, and Manatee County saw a 1.2% drop in the median single-family home sale price to $518,950.

Lido Shores

With a median home price of $3,645,502 and a median rent of $3,410, Lido Shores is the most expensive neighborhood on our list. Based on the growth in home prices in Lido Shores over the last 3 years, it ranks No. 1 among all the neighborhoods in Sarasota.

Tampa isn't just one of the hottest housing markets in Florida — it's one of the most desirable markets in the United States! Tampa has a booming job market and plenty of family-friendly activities, including Busch Gardens, the Florida Aquarium, and ZooTampa, making it an attractive place to live and visit on vacation.

Florida sellers should expect to pay closing costs between 6.25–9.0% of the home's final selling price, including real estate agent commissions.

Con: Harsh Humidity & Summer Heat

The weather in Sarasota can often be difficult. The summers get exceedingly hot and humid, with temperature highs of 89 degrees, humidity level highs of about 78% every year, and hurricanes—which affect this area of Southwest Florida about every three years.

Besides being a thriving market, Sarasota draws many tourists and relocators because of its beautiful beaches, rich cultural heritage, abundance of attractions and activities, and world-class amenities.

Although both cities are reasonable compared to the national average, Tampa is cheaper. Tampa's cost of living index is 94.6, indicating it's about 6% cheaper than the national average. Sarasota's cost of living index is about 105, making it 5% higher than the national average and 11% more expensive than Tampa.