January 2025 Real Estate Market Update: Sarasota & Manatee Counties—What Buyers & Sellers Need to Know
The Sarasota and Manatee County real estate market is shifting, and if you're planning to buy or sell a home in 2025, you need a game plan. The latest market report from the REALTOR® Association of Sarasota and Manatee (RASM) highlights some key trends—increased inventory, longer selling timelines, and price adjustments across multiple property types.
For buyers, this means more options and better negotiating power. For sellers, it’s crucial to price strategically and work with an expert who can position your home in a changing market.
As real estate experts and lifestyle matchmakers, we’re here to help you make sense of these numbers, whether you’re downsizing to a 55+ community, looking for a luxury home, or selling your current property for the best possible price.
Here’s what’s happening in the Sarasota and Manatee housing market as we kick off 2025.
🏡 Sarasota & Manatee Real Estate Trends: January 2025
📉 Prices Are Adjusting: Median sale prices declined across most property types compared to last year, especially in Sarasota’s condo market.
⏳ Homes Are Taking Longer to Sell: The median time to contract has increased across the board. Buyers have more time to shop, and sellers need to be competitive.
📈 Inventory Is Up: There are more active listings, leading to a higher months’ supply of homes, shifting the market in favor of buyers.
💰 Cash Sales Still Dominate: While slightly down from last year, cash transactions remain a significant portion of home purchases, especially for condos and townhomes.
Single-Family Homes: A Balancing Market
Sarasota County:
✔ 520 homes sold (+6.8% YoY)
✔ Median price: $529,750 (-1%)
✔ Inventory up 30.6% → Now a 6.4-month supply
✔ Time to contract: 45 days | Time to sale: 85 days
Manatee County:
✔ 498 homes sold (+22.1% YoY)
✔ Median price: $480,000 (-8.6%)
✔ Inventory up → Now a 4.6-month supply
✔ Time to contract: 49 days | Time to sale: 98 days
What This Means for You:
✅ Buyers: More inventory = more options. You have time to explore and negotiate better terms.
✅ Sellers: With homes taking longer to sell, strategic pricing and marketing are critical. The days of quick, over-asking sales are fading.
👉 How We Help: At The 941 Lifestyle Group, we don’t just list homes—we create a tailored marketing plan to attract the right buyers, from luxury seekers to active retirees. If you’re thinking of selling in 2025, let’s talk strategy.
🏢 Condos & Townhomes: A Buyer’s Market Emerges
Sarasota County:
✔ 242 condos/townhomes sold (+15.8% YoY)
✔ Median price: $347,000 (-17.4%)
✔ Inventory up significantly → 8.5-month supply
✔ Time to contract: 53 days | Time to sale: 86 days
Manatee County:
✔ 172 condos/townhomes sold (-7% YoY)
✔ Median price: $335,990 (-6.1%)
✔ Inventory up → 8-month supply
✔ Time to contract: 60 days | Time to sale: 105 days
What This Means for You:
✅ Buyers: It’s a great time to buy a condo or townhome! With an 8+ month supply, sellers are motivated, and you can negotiate better deals.
✅ Sellers: This is where expert pricing and positioning are critical. If you want top dollar, you need a strategic approach.
👉 How We Help: Looking for a low-maintenance condo or townhome? We specialize in helping snowbirds and retirees find the perfect lock-and-leave home. Selling? We’ll position your condo to stand out in a competitive market.
💡 Market Takeaways: What’s Next for Sarasota & Manatee Real Estate?
The January 2025 housing market signals that we’re in a more balanced real estate cycle. The days of rapid bidding wars are slowing down, but demand for well-priced homes remains strong.
🔹 If you’re buying – You have more negotiating power, but mortgage rates and demand could shift later in 2025. Now is the time to secure a great deal.
🔹 If you’re selling – It’s still a great time to sell, but pricing and marketing strategies are key. Overpricing will leave your home sitting on the market.
🔹 If you’re investing – With higher inventory and stabilizing prices, Sarasota & Manatee are still prime markets for long-term real estate investment.
📌 Thinking About Buying or Selling in 2025? Let’s Talk!
At The 941 Lifestyle Group, we go beyond homes—we match lifestyles. Whether you’re relocating, upgrading, downsizing, or investing, we’ll guide you every step of the way.
📲 Call or text us at 941-233-9722
📧 Email: info@the941lifestylegroup.com
🏡 Want to see the full market report? Check it out here: MyRASM Market Statistics
Thinking of making a move? Let’s chat about your options in today’s evolving market! 🚀
Beyond Homes - We Match Lifestyles
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Thank you for taking the time to read our blog. We are excited you found us.
We are the 941 Lifestyle Group.
We are real estate agents in Lakewood Ranch and would love to be your go-to real estate team in the 941 area.
We service all of Manatee and Sarasota Counties.
Specializing in Lifestyle Real Estate.
From the beautiful Gulf Beaches, Downtown Sarasota, and Lakewood Ranch.
Please reach out anytime.
941-233-9722
Adam Miller
Real Broker, LLC
*Some of our blogs were written with AI's assistance.
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