Average Home Price in Sarasota FL | Sarasota Florida Median Price

Our We Buy Houses Sarasota FL team determined the average sold home values in the Sarasota housing market based on market data is $639,000. We used publicly accessible market data services from Zillow home value for the average price from 2000 to 2023 in every available major municipality within Sarasota. Then we used AI and machine learning technology services to analyze this Sarasota market data to determine the most accurate price in Sarasota as of June 2023. 

1. Lido Shores

Homes Sold for 7% under list price on average in Lido Shores.

Lido Shores, nestled between St. Armand’s Circle and Longboat Key, is a unique enclave in Sarasota, Florida. With an mean sold price of $2,600,000, it’s a blend of modern and classic, big and small in the Sarasota market. The Sarasota community is a tapestry of architectural styles, from mid-century modern to current modern real estate designs. It’s a place where homes for $1 million dollars coexist with those sold for over $10 million in this market, offering a diverse lifestyle within walking distance to numerous real estate amenities in the state. For homes real market prices visit a listing office near you and obtain the average list days and prices trends not a percent higher within the price index from an established estate LLC. Check their hours open in this market now.

2. Main Street Merchants

Homes Sold for 6.1% under list price on par in Main Street Merchants.

Main Street Merchants in Sarasota, Florida, is a vibrant neighborhood with an mean sold price of $919,500 in this market. This bustling area is known for its eclectic mix of shops, restaurants, and cultural attractions, making it a desirable place to live in this market. The higher than mean prices reflects the appeal of this location, offering people the convenience of city living with a variety of real estate amenities at their doorstep in this market. The value of living in such a dynamic vicinity often outweighs the cost for many residents in the state. 

3. Lido Key

Homes Sold for 4.5% under list price on par in Lido Key.

Lido Key, a scenic drive west of Sarasota, Florida, is a haven for eco-tourism and sunset cruises. The average sold price here is $1,487,500, reflecting the area’s appeal. Known for its pristine beaches, deep-sea fishing, dolphin watching, and sailing, Lido Key offers a unique blend of nature and real estate luxury. The vicinity is also home to St. Armands Circle, a hub of chic boutiques and fine dining establishments, enhancing the living experience for its residents in the state. 

4. Golden Gate Point

Homes Sold for 4% under list price on par in Golden Gate Point.

Golden Gate Point is a prestigious 22-acre peninsula in Sarasota, Florida, known for its luxury real estate market. With an mean sold price of $3,100,000, it’s a testament to the area’s desirability. Once known as Cedar Point part, it has evolved into a gateway to John Ringling’s resort communities on St. Armand’s, Lido, and Longboat Keys. Its strategic location, coupled with the high-end lifestyle it offers, makes Golden Gate Point a sought-after residential vicinity among the average Sarasota locations in this market. 

5. Casey Key

6. Bird Key

7. Downtown Sarasota

Homes Sold for 3% under list price on par in Downtown Sarasota.

Downtown Sarasota, with an mean sold price of $1,036,250, is a vibrant hub of culture and commerce by the Gulf of Mexico. It’s a lively scene of eateries, theaters, shopping boutiques, and artist enclaves in this market. The heart of downtown is Main Street, branching off into colorfully named streets like Pineapple, Orange, Lemon, and Palm. The vicinity is divided into five districts, each offering a unique blend of shops, galleries, and studios, making it a desirable residential location in this housing market. 

8. St. Armands Circle

9. Harbor Acres

Homes Sold for 4.2% under list price on par in Harbor Acres.

Harbor Acres, located in the beautiful city of Sarasota, FL, boasts an exclusive neighborhood known for its luxurious homes and breathtaking waterfront views. With an mean location sold price of $4,320,000, Harbor Acres stands out among the top most prestigious and sought-after residential areas in the region. This upscale community offers discerning homebuyers an exquisite blend of architectural elegance, meticulously landscaped surroundings, and proximity to the vibrant downtown vicinity. Harbor Acres truly epitomizes the pinnacle of luxury real estate living in Sarasota, making it a desirable choice for those seeking an exceptional lifestyle within this market. 

10. Sanderling Club

1. Sarasota Springs

Homes Sold for 0.04% under list price on par in Sarasota Springs.

Sarasota Springs, nestled in the heart of Sarasota, FL, offers homebuyers an enticing blend of affordability and convenience in this market. With an mean location sold price of $367,900, this vibrant real estate community presents an excellent opportunity for individuals and families looking to settle in the vicinity without compromising on quality. Sarasota Springs showcases a diverse range of well-maintained market real estate properties, from cozy single-family homes to charming townhouses, ensuring there’s something to suit every lifestyle and budget. Residents can enjoy the neighborhood’s proximity to local amenities, parks, and top-rated schools, making Sarasota Springs a desirable choice for those seeking a welcoming and accessible real estate community. 

2. Bee Ridge

3. South Gate Ridge

Homes Sold for 3.8% under list price on par in South Gate Ridge.

South Gate Ridge, located in the desirable city of Sarasota, FL, offers homebuyers an appealing combination of affordability and convenience. With an mean location sold price of $365,000, this welcoming neighborhood provides a range of housing options to suit various budgets. Residents of South Gate Ridge benefit from proximity to a variety of local amenities, including popular shopping destinations like South Gate Village Shops. In addition, the real estate neighborhood is conveniently located near renowned attractions such as Siesta Key Beach, offering residents easy access to beautiful sandy shores and outdoor recreational activities. South Gate Ridge is a sought-after real estate community that provides an attractive living experience within Sarasota’s vibrant surroundings. 

4. Bayou Oaks

Homes Sold for 5.9% under list fare on par in Bayou Oaks.

Nestled in the charming city of Sarasota, FL, Bayou Oaks offers affordable housing options in a welcoming community. With an mean location sold price of $247,900, this neighborhood provides an excellent opportunity for homeownership. Residents of Bayou Oaks enjoy convenient access to a range of nearby amenities, including popular shopping destinations like The Landings Shopping Center and Beneva Village Shops. The neighborhood also boasts proximity to picturesque parks and outdoor spaces such as Phillippi Estate Park and Red Bug Slough Preserve, offering residents opportunities for relaxation and recreation. Bayou Oaks provides an inviting and budget-friendly living experience within the vibrant Sarasota vicinity. 

5. Amaryllis Park

6. Tropical Shores

7. Colonial Oaks

8. Kensington Park

Homes Sold for 4.5% over list fare on mean in Kensington Park.

Nestled in the vibrant city of Sarasota, FL, Kensington Park offers homebuyers an affordable and inviting residential community. With an mean location sold fare of $270,000, this neighborhood provides an excellent opportunity for budget-conscious buyers. Residents of Kensington Park enjoy proximity to various amenities, including the iconic Ringling Museum of Art and the bustling University Town Center. The neighborhood also offers a range of shopping options, restaurants, and parks, such as the scenic Lockwood Ridge Park. Kensington Park provides an accessible and comfortable living experience in the heart of Sarasota. 

9. Desoto Lakes

Homes Sold for 0.5% over list fare on average in Desoto Lakes.

Desoto Lakes, located in the vibrant city of Sarasota, FL, offers homebuyers an inviting residential community with an mean location sold fare of $384,000. Residents of Desoto Lakes benefit from a range of nearby amenities, including the picturesque Nathan Benderson Park, a popular destination for outdoor activities and events. The neighborhood also provides convenient access to a variety of shopping options, restaurants, and shops, such as The Mall at University Town Center and University Parkway Plaza. Desoto Lakes provides a comfortable and convenient living experience within the bustling Sarasota vicinity.

10. Ridge Wood Heights

The median home fare in Sarasota has increased by approximately 246.63% from 2000 to 2023 without adjusting for inflation. This means that, on par, home prices in Sarasota have more than tripled from 2000 to 2023. 

Graph of the Median Home Sales Cost from 2000 to 2023

The percentage increase between the inflation-adjusted 2000 fare and the 2023 fare is approximately 247.98%. This means that, when adjusted for inflation, the home sales cost in Sarasota has more than tripled from 2000 to 2023.

Graph of the Median Home Sales Cost from 2000 to 2023 Without Being Adjusted for Inflation and Being Adjusted for Inflation

What is the Average Price of Housing in Sarasota Florida?

In Sarasota the housing market presents a dynamic landscape. The median home price, as per our recent data study, stands at $639,000. This figure, reflective of the area’s desirability, is influenced by factors such as location, property size, and market trends. It’s crucial for potential buyers to understand this mean as a benchmark in their home buying journey in Sarasota. Remember, individual home prices may vary significantly based on unique features and locations.

Is Sarasota Florida a wealthy area?

Sarasota is recognized among the top most affluent cities in the United States, boasting the second highest per capita rate in the country. Its rich artistic and cultural legacy has earned it the title of ‘Cultural Coast’. The location is home to some of the most expensive districts, reflecting its high standard of living. Therefore, Sarasota can indeed be considered a wealthy location attracting a diverse range of residents.

Is Sarasota Florida affordable to live?

Sarasota with its average home fare of $639,000, is higher than the median home value of $454,200 reported for the location. The overall cost of living index in Sarasota is 102.9, slightly above the US mean of 100, indicating a marginally higher cost of living. However, the unique attractions and benefits of living in Sarasota, such as its climate, beaches, and cultural offerings, may justify the cost for many.

How Much Do You Need to Make to Live in Sarasota?

To live comfortably in Sarasota considering the median home fare of $639,000, an individual must take into account the overall cost of living which is 8.1% higher than the national median. Housing costs are 22.8% higher, and food costs are 18.7% above the national median. Therefore, a substantial income is required to maintain a comfortable lifestyle. The exact figure would depend on personal spending habits and lifestyle choices, but it’s clear that a higher than median income is necessary.