Longboat Key Housing Market Report May 2025•Sarasota County, Florida

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Housing Prices in Longboat Key, FL

How much do homes in Longboat Key, FL cost?

Housing Market Conditions

Is Longboat Key, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Longboat Key is a Buyer's Market

Difference Since May 2024

At the same time last year, Longboat Key was a Seller's Market.

Insight

Longboat Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,250,000$679/SqFt
+$100,000
+8.7%

Based on all homes sold in the last 12 months

Insight

Homes in Longboat Key have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Longboat Key was $1,250,000 in May 2025, up 8.7% from last year, and the median price per square foot was $679.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Longboat Key
+8.7%
Longboat Key
+8.7%
Sarasota
-4.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$549K$950K
+73.0%
2$848.5K$775K
-8.7%
3$1.6M$1.6M
+1.5%
4$3.2M$3.3M
+2.5%
5$5.3M$5.1M
-4.1%

Summary: Longboat Key housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +73.0%. The home price for 2 bedroom homes decreased by -8.7%. The home price for 3 bedroom homes increased by +1.5%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes decreased by -4.1%.

How does Longboat Key, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Longboat Key, FL

Housing supply in Longboat Key, FL

How many homes are available in Longboat Key, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
425Last MonthMay 2025
4362 months agoApr 2025
-2.5 %
Change MoMApr – May

Summary: The Longboat Key real estate market had 425 homes for sale in May 2025, a 2.5 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
38Last MonthMay 2025
462 months agoApr 2025
-17.4 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
12122
+4.8%
2196189
-3.6%
3150138
-8.0%
44346
+7.0%
52630
+15.4%

Summary: Longboat Key housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +4.8%. The inventory for 2 bedroom homes decreased by -3.6%. The inventory for 3 bedroom homes decreased by -8.0%. The inventory for 4 bedroom homes increased by +7.0%. The inventory for 5 bedroom homes increased by +15.4%.

Asking Price vs. Sold Price

How much do homes in Longboat Key, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price1 Home

Under Asking Price35 Homes

Insight

If you're buying a home in Longboat Key, you may be able to get a good deal. 92.1% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Longboat Key in May 2025, down by 17.4% month-over-month. Of the 38 sold homes, 92% were sold under asking, 3% were sold at asking, and and 5% were sold over asking.

Days on Market for Longboat Key, FL

How long does it take to sell a home in Longboat Key, FL?

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days15 Homes

Over 90 Days10 Homes

Insight

Avg time on Rocket Homes in Longboat Key has remained consistent over time.

Summary: During May 2025, 38 homes were sold in Longboat Key; 34% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
64 DaysThis YearMay 2025
94 Days1 year agoMay 2024
-31.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in Longboat Key had an average listing age of 64 days in May 2025, down by 31.3% compared to the previous year.

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Newest Listings in Longboat Key, FL

What homes are available in Longboat Key, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/9/2025, 3:34:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.