Sarasota & Manatee Real Estate Market Update: Q1 2025

Welcome to the first quarter review of 2025! If you're wondering how our local real estate market is shaping up, grab your sunglasses because even with a few clouds in the sky, it's still looking pretty bright here in Sarasota and Manatee Counties. Let's dive into the highlights, stats, and a little friendly advice from yours truly.

North Port-Sarasota-Bradenton MSA: Q1 2025 Snapshot

• Median Sale Price: $493,000 (down 3.3% from Q1 2024)

• Closed Sales: 3,592 homes (up 3.5% from last year)

• Average Sale Price: $698,877 (down 4.8% year-over-year)

• Inventory: 7,668 active listings (a jump of 28.8% from Q1 2024)

• Months Supply of Inventory: 6.1 months (up 29.8%)

  
  

Translation? We’re moving into a much more balanced market. Buyers, you're no longer speed-dating houses and proposing by dinner time. Sellers, you might need a touch more patience — but priced right, your home is still a hot commodity.

Sarasota County Highlights

• Median List Price: $547,819

• Price per Square Foot: $289

• Average Days on Market: 118 days (Median 77 days)

• Market Action Index: 30 (Slight Seller’s Advantage)

  
  

Inventory is holding steady at around 4,482 listings, and while 58% of sellers have adjusted their price, the majority are still seeing strong activity when positioned correctly. The Sarasota market still leans slightly in favor of sellers, but let's just say the "days of multiple offers before lunch" are taking a little nap.

Fun fact: The luxury market (over $1M) is humming along nicely, with a median price of $1,685,000 and an average time to contract of just 70 days. Not bad for waterfront dreams!

Manatee County Highlights

• Median List Price: $595,000

• Price per Square Foot: $287

• Average Days on Market: 104 days (Median 70 days)

• Market Action Index: 31 (Slight Seller’s Advantage)

  
  

Manatee County is similarly steady, with inventory sitting around 2,973 active listings. Price decreases are happening (57% of listings adjusted), but buyers are actively shopping — and smart sellers are moving homes within a reasonable timeframe.

Pro Tip: Homes priced around $500,000 are moving quickest, while higher-end properties ($1M+) are still seeing healthy, steady demand — especially in communities offering lifestyle perks like golf, boating, and pickleball courts (yes, pickleball still reigns supreme!).

Key Takeaways for Buyers and Sellers

• Buyers:

  • More choices are available. Yay!

  • Time to think (and maybe even sleep on it) before making an offer — but not too long.

  • Negotiations are back on the table. Bring your "let's make a deal" hat.

• Sellers:

  • Price it right the first time. Today’s buyers have options, and no one likes chasing the market downhill.

  • Presentation matters. (Declutter, stage, and maybe freshen up that front door color!)

  • The median list-to-sale price ratio is still strong at around 95%, meaning realistic sellers are getting rewarded.

Final Word: It’s a Market of Opportunities

While some national headlines might make you think the sky is falling, here on the Suncoast, the real estate sky is mostly blue with just a few clouds drifting by. Whether you're buying, selling, or just curious about your home's value, it's crucial to have the right strategy — and the right expert — in your corner.

Ready to make your next move? Let's chat! I'm "Always Competing For You" to get the best possible outcome in any market.