Sarasota median home price and housing market numbers
| Month | Typical Sarasota home value | Change on prior year |
|---|---|---|
| August 2026 | $409,900 | −2.7% |
| August 2025 | $421,100 | −9.3% |
| August 2024 | $464,300 | −1.9% |
| August 2023 | $473,400 | −1.1% |
| August 2022 | $478,900 | +32.6% |
| August 2021 | $361,300 | +24.8% |
| August 2020 | $289,600 | +4.6% |
| August 2019 | $276,900 | +0.8% |
| August 2018 | $274,900 | +3.6% |
| August 2017 | $265,400 | +4.7% |
| August 2016 | $253,500 | n/a |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted) and Zillow metro market data for the North Port–Sarasota metro, including the median sale price. Metro figures cover the wider region. The typical home value is Zillow’s mid-market index for Sarasota itself; the 5-year change is +13.5%.
What the trend shows: prices have eased for four years
The August figures tell a clear story. Zillow's typical Sarasota value rose from $289,562 in August 2020 to $478,861 in August 2022, a rise of about 65% in two years. It has fallen each August since: $473,433 in 2023, $464,316 in 2024, $421,099 in 2025 and $409,878 in 2026.
Even after that slide, values sit about 13.5% above August 2021 and about 62% above August 2016, when the figure was $253,474. Owners who bought before 2021 are generally still ahead on paper. Owners who bought in 2022 or 2023 may be below their purchase price, which is worth knowing if you are negotiating with one.
Sale speed, price cuts and inventory
Across the North Port to Sarasota metro, Zillow counted 8,868 homes for sale in August 2026, down from 10,844 a year earlier. Typical days to pending fell from 97 to 91. Homes sold for about 95.8% of list price, up from 95.1%, and the share of listings with a price cut fell from 27.2% to 24.9%.
Put together, those numbers point to a market that is still soft on price but less one-sided than it was in 2025. Fewer sellers are chasing the market down, and fewer buyers have a long list of alternatives. The metro median sale price was $421,000, up from $401,167, though a median sale price moves with the mix of homes that happen to close and should not be read as a value gain.
To put the sale-to-list ratio in dollars: at 95.8%, a home listed at $450,000 would sell for about $431,000 if it matched the metro average. Individual homes vary widely around that figure, so ask your agent for the list and sale prices of recent comparable sales rather than applying the average to one house. The same caution applies to days to pending, which is a metro-wide figure that mixes fast-moving and slow-moving segments.
Differences by neighborhood and ZIP
High-end neighborhoods
Zillow tracks 70 neighborhoods inside the city. Of the 12 with a typical value above $1 million, nine were flat or up on the year, including Bird Key (up 4.5%), Cherokee Park (up 5.3%) and Bay Isle-Siesta (up 2.7%). St. Armands was the exception at the top, down 9.4%.
Lower-priced neighborhoods
The lower end moved the other way. Of the 19 neighborhoods with a typical value under $350,000, 16 fell, by an average of about 4.4%. Park East (down 11.2%), Glen Oaks Ridge (down 9.8%) and Village Gardens (down 9.7%) had the steepest drops. The Meadows fell 8.7%, which we look at in our The Meadows guide.
By ZIP code
By ZIP, every one of the 12 tracked codes fell, from 0.3% in 34239 to 5.3% in 34235. The full breakdown is on our Sarasota ZIP codes page.
| ZIP | Typical value, Aug 2026 | 1-year change |
|---|---|---|
| 34236 | $1,004,398 | -2.4% |
| 34240 | $744,115 | -2.3% |
| 34241 | $583,450 | -1.6% |
| 34238 | $494,972 | -3.8% |
| 34239 | $492,235 | -0.3% |
| 34243 | $395,849 | -3.6% |
| 34231 | $364,023 | -2.4% |
| 34233 | $360,937 | -3.8% |
| 34232 | $355,377 | -2.1% |
| 34235 | $311,158 | -5.3% |
| 34237 | $281,551 | -1.7% |
| 34234 | $278,186 | -3.0% |
Segments: condos, houses and new builds
Zillow's typical value blends every type of home, and the segments are under different pressures.
Condos
Florida's milestone inspection and structural reserve rules have raised costs in older buildings of three or more habitable stories, and resale buyers now get 7 days to cancel after receiving association documents. That weighs on older condo prices more than on houses. See our Sarasota condo guide.
Luxury and waterfront homes
Most city neighborhoods above $1 million were flat or up over the year, led by Cherokee Park (up 5.3%) and Bird Key (up 4.5%). Our waterfront homes guide covers the ownership costs.
New construction
Builders east of I-75 compete with resale homes, often with incentives, and many new communities add a CDD assessment to the tax bill. Our new construction guide explains how to compare them.
Rents have gone flat
Zillow's typical Sarasota rent was $2,175 in August 2026, down 0.2% on a year. Flat rents and softer prices narrow the gap between renting and buying a little, but at a 7.03% mortgage rate (Freddie Mac, week of 24 September 2026) most buyers will still pay more each month to own than to rent a comparable home once tax, insurance and any HOA fee are added. Our Sarasota cost of living page sets out those costs.
Is now a good time to buy a house in Sarasota?
For buyers, conditions are better than at the 2022 peak: prices are lower, homes sell below list on average and about one in four listings has been cut. Against that, a 7.03% mortgage rate and high insurance costs keep monthly payments high. It is a reasonable time to buy if the payment works for you and you plan to stay long enough to ride out a flat market.
Negotiate from the evidence
With homes selling below list on average and about one in four listings cut, ask your agent for the list-to-sale history of comparable homes before you make an offer.
Price the carrying costs first
Insurance, flood coverage, condo reserves and CDD assessments can move a monthly payment more than a few thousand dollars off the price. Get quotes during your inspection period.
Look harder at condos
Florida's milestone inspection and reserve study rules have raised costs in older buildings. Our Sarasota condo guide lists the documents to request.
Do not count on a rebound
Nobody can promise where prices go next. Buy a home you can afford to hold if values stay flat.
Is now a good time to sell a house in Sarasota?
For sellers, the market is slower and more price-sensitive than in 2021 or 2022, but inventory fell 18.2% on the year and homes are going under contract a little faster. If you price to current sales and fix what insurers flag, you can still sell in a reasonable time.
Price to the current market, not the 2022 peak
The typical value is about 14% below August 2022. Homes priced from old comparables tend to sit and then take cuts.
Fix what the buyer's insurer will flag
Roof age, electrical panels and plumbing type affect whether a buyer can get coverage, which affects whether the sale closes.
Know your net before you list
Use our seller net proceeds calculator to see what you keep after commission, the 70-cents-per-$100 documentary stamp tax and your mortgage payoff.
Compare routes
If speed matters more than price, our guide to selling fast in Sarasota compares cash offers with a listing.
Outlook: what to watch next
We do not forecast prices. These are the sourced factors most likely to move the Sarasota market over the coming months.
Mortgage rates
Freddie Mac's 30-year average was 7.03% in the week of 24 September 2026. Each move in rates changes what buyers can afford, so watch the weekly survey.
The November 2026 property tax vote
Amendment 3 on the November 3, 2026 ballot would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028, and cut the non-homestead assessment cap from 10% to 5%, if 60% of voters approve it. Either result changes ownership costs. Our Sarasota County property tax guide explains it.
Inventory
Metro listings fell from 10,844 to 8,868 over the year. If that decline continues, sellers gain leverage; if listings rise again, buyers keep it.
Condo costs
Reserve funding under HB 913 continues to work through older buildings' budgets, which affects condo prices and fees.
Common questions
Are Sarasota home prices going down?+
Yes, on Zillow's measure. The typical Sarasota home value was $409,878 in August 2026, down 2.7% on a year earlier and down about 14% from August 2022. The pace of decline has slowed, and metro inventory fell 18.2% over the year, but nobody can say for certain where prices go next.
How long does it take to sell a house in Sarasota?+
Across the North Port to Sarasota metro, Zillow's typical days to pending was 91 in August 2026, down from 97 a year earlier. Closing then usually takes several more weeks, depending on financing. Well-priced homes in good condition can go faster, and homes priced above recent sales often sit longer.
Is it a buyer's or seller's market in Sarasota?+
The numbers still lean toward buyers. Metro homes sold for about 95.8% of list price in August 2026, and 24.9% of listings had a price cut. The balance is shifting, though: inventory dropped 18.2% on the year and homes are going under contract a little faster than in 2025.
What is the typical rent in Sarasota?+
Zillow's typical Sarasota rent was $2,175 in August 2026, down 0.2% on a year earlier. Rents vary widely by property type and location, so compare specific listings. If you are weighing renting against buying, add property tax, insurance and any HOA or CDD fees to the mortgage payment.
Which Sarasota ZIP codes held their value best?+
On Zillow's August 2026 figures, all 12 tracked Sarasota ZIP codes fell over the year, but 34239 fell only 0.3% and 34241 fell 1.6%. The largest drop was 34235, down 5.3%. ZIP figures blend property types, so compare recent sales of the home type you want before drawing conclusions.
Will Sarasota home prices go up in 2027?+
Nobody can say for certain, and we do not make forecasts. The factors to watch are mortgage rates, which were 7.03% in late September 2026, the Amendment 3 property tax vote in November 2026, inventory, which fell 18.2% on the year, and insurance and condo costs. Buy a home you could hold through a flat market.
Sources
- Zillow Research: Home Value Index and market data (August 2026)
- Freddie Mac: Primary Mortgage Market Survey
- Florida Senate: CS/CS/HB 913 (2025) bill summary
- Florida Department of Revenue: Documentary stamp tax
- Florida Policy Institute: Amendment 3 ballot language summary
- Florida Department of State: Proposed Constitutional Amendments for the General Election, November 3, 2026
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Antonio Roberts
Antonio Roberts has spent five years helping more than 500 Florida buyers and sellers choose the right real estate agent. He is not a real estate agent himself: he researches what matters in a Florida move and connects people with licensed local agents, free of charge.
Reviewed by a licensed Florida real estate agent. Before publication, this guide was checked for accuracy by a licensed Florida real estate agent on our team. It is general information, not legal, tax or financial advice.
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