City-owned Homes And Land in Sarasota, FL

Current Market Conditions in Sarasota, FL

The real estate market in Sarasota has shown resilience despite economic fluctuations, with steady demand for properties in both single-family homes and condominiums. Prices have generally been on an upward trajectory, reflecting the area’s desirability and limited inventory. There is a strong interest from buyers seeking vacation homes, particularly from out-of-state and international buyers looking to capitalize on Florida's favorable weather and tax benefits.

Investors are also recognizing the potential in rental properties due to the influx of tourists and a growing population. This has stimulated new residential developments, particularly around downtown and Siesta Key, where property values are seeing significant appreciation.

Rent Prices In Sarasota, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sarasota, FL, is on a rollercoaster ride. The average rent price in Sarasota, FL, is $2,011.00. Indeed, when looking to rent in Sarasota, FL, you can expect to pay as little as $690.00 or as much as $5,900.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Sarasota, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.