New housing report shows Manatee County real estate market is changing
There were fewer Manatee County home sales in March year-over-year, according to the latest Realtor Association of Sarasota and Manatee’s housing market report.
Single-family homes saw an 8.5% drop, though the median sale price ticked up 1.5% to $506,317 for March 2025 compared to the same month in 2024. Inventory increased, too, with 3,256 active listings representing a 26.2% increase in March year-over-year. Of those, there were 1,040 new listings signaling a 22.6% increase in new inventory year-over-year.
In total, the county’s single-home monthly supply increased from 4.1 months to 5.2 months.
However, home sales rose 33.6% compared to February.
“Manatee County median prices appear to have stabilized, indicating a potential market bottoming in that region,” the RASM report said.
The median time to sale for single-family homes in Manatee County was 95 days, and the median time to contract was 46 days.
Townhouses and condos
While single-family home prices slightly increased in March compared to the same month in 2024, townhouses and condos had a median sale price of $338,395, which was a 1.3% decline year-over-year.
There was a 6.4% increase in closed sales for townhouses and condos in Manatee County, with 300 units getting sold in March 2025. Inventory remained high with an 8.2 month supply, marking a 28.1% increase year-over-year. The median time to sale rose from 95 days in March 2024 to 106 days in March 2025.
The median time to contract increased eight days to 62 days in March.
Sarasota County
In Sarasota County, there were 817 single-family homes sold in March. That’s a 13% increase year-over-year. The median sale price fell 8.8% to $469,450. There was no change in the median time to contract, which stayed at 40 days for March year-over-year.
The median time to sale increased four days to 82 days in March. The monthly supply increased 30.2% to 6.9 months.
While more people buying homes in Sarasota County opted for single-family houses in March, there were fewer purchases of townhomes and condos compared to March 2024.
The 324 townhouses and condos sold represented a 19.8% drop year-over-over. The median sale price fell 10.2% to $346,500.
The median time to sale was 84 days, an 11-day shorter timeline from March 2024. The median time to contract was also five days faster at 46 days in March.
The monthly supply of inventory increased 42.6% to 9.7 months.
This story was originally published May 5, 2025 at 5:50 AM.
