New - 2 hours on Rocket
$10,000 Closing Credit¹
#A4642843, Dennis Girard, Listing Office: PREMIER SOTHEBYS INTL REALTY
Longboat Key Housing Market Report February 2025•Sarasota County, Florida
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?
Seller'sMarket
Buyer'sMarket
Longboat Key is a Buyer's Market
Difference Since February 2024
At the same time last year, Longboat Key was a Neutral 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
$1,260,000$699/SqFt
+$110,000
+9.6%
Based on all homes sold in the last 12 months
Insight
Homes in Longboat Key have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Longboat Key was $1,260,000 in February 2025, up 9.6% from last year, and the median price per square foot was $699.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Longboat Key | $1.1M | $1.2M | +9.6% |
| Longboat Key | $1.1M | $1.2M | +9.6% |
| Sarasota | $513.3K | $510.5K | -0.5% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $549K | $1.0M | +89.0% |
| 22 Bedrooms | $896.3K | $848K | -5.4% |
| 33 Bedrooms | $1.6M | $1.6M | -5.4% |
| 44 Bedrooms | $4.1M | $3.4M | -16.7% |
| 55+ Bedrooms | $5.2M | $5.1M | -2.6% |
Summary: Longboat Key housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +89.0%. The home price for 2 bedroom homes decreased by -5.4%. The home price for 3 bedroom homes decreased by -5.4%. The home price for 4 bedroom homes decreased by -16.7%. The home price for 5 bedroom homes decreased by -2.6%.
Housing supply in Longboat Key, FL
How many homes are available in Longboat Key, FL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 409Last MonthFeb 2025 | ||
| 3502 months agoJan 2025 | +16.9 % Change MoMJan – Feb |
Summary: The Longboat Key real estate market had 409 homes for sale in Feb 2025, a 16.9 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthFeb 2025 | ||
| 252 months agoJan 2025 | +4.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 19 | 25 | +31.6% |
| 22 Bedrooms | 152 | 180 | +18.4% |
| 33 Bedrooms | 117 | 141 | +20.5% |
| 44 Bedrooms | 38 | 36 | -5.3% |
| 55+ Bedrooms | 24 | 27 | +12.5% |
Summary: Longboat Key housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +31.6%. The inventory for 2 bedroom homes increased by +18.4%. The inventory for 3 bedroom homes increased by +20.5%. The inventory for 4 bedroom homes decreased by -5.3%. The inventory for 5 bedroom homes increased by +12.5%.
Asking Price vs. Sold Price
How much do homes in Longboat Key, FL cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price24 Homes
Insight
If you're buying a home in Longboat Key, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Longboat Key in February 2025, up by 4.0% month-over-month. Of the 26 sold homes, 92% were sold under asking, 4% were sold at asking, and and 4% 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 Days11 Homes
Over 90 Days2 Homes
Insight
Many homes in Longboat Key are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 26 homes were sold in Longboat Key; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearFeb 2025 | ||
| 73 Days1 year agoFeb 2024 | -49.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Longboat Key had an average listing age of 37 days in Feb 2025, down by 49.1% compared to the previous year.
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Newest Listings in Longboat Key, FL
What homes are available in Longboat Key, FL?
New - 2 hours on Rocket
$10,000 Closing Credit¹
#A4642668, John Thorson, PA, Listing Office: COLDWELL BANKER REALTY
New - 7 hours on Rocket
$10,000 Closing Credit¹
#A4642701, Donna Wrobel, Listing Office: BERKSHIRE HATHAWAY HOMESERVICE
New - 22 hours on RocketVideo tour
$10,000 Closing Credit¹
#A4642313, Alzira Meierling, Listing Office: KELLER WILLIAMS ON THE WATER S
New - 1 day on Rocket
$10,000 Closing Credit¹
#A4642642, Jo Rutstein, Listing Office: PREMIER SOTHEBYS INTL REALTY
New - 1 day on Rocket3D tour
$9,013 Closing Credit¹
#A4642683, Mike Polachek, Listing Office: KELLER WILLIAMS ON THE WATER
New - 2 days on RocketVideo tour
$10,000 Closing Credit¹
#A4641307, Nicholle McKiernan, Listing Office: COLDWELL BANKER REALTY
New - 2 days on Rocket
$10,000 Closing Credit¹
#A4642693, Ryan Heers, Listing Office: COLDWELL BANKER REALTY
New - 2 days on Rocket
$10,000 Closing Credit¹
#A4642633, Tina Rudek Stark, PA, Listing Office: ROSEBAY INTERNATIONAL REALTY, INC
New - 2 days on RocketVideo tour
$10,000 Closing Credit¹
#A4642698, Jesse Griffin, Listing Office: CENTURY 21 BEGGINS ENTERPRISES
New - 2 days on Rocket
$10,000 Closing Credit¹
#A4642654, Gerald Cunningham, Listing Office: KELLER WILLIAMS ON THE WATER S
New - 2 days on Rocket
$10,000 Closing Credit¹
#A4642521, Angela Scott, Listing Office: MICHAEL SAUNDERS & COMPANY
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MLS Disclaimers and Copyright
Based on information from Stellar MLS, for the period 03/01/2023 - 03/01/2025
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.
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: 3/3/2025, 2:20:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.