Sanibel Island Housing Market Report March 2025•Lee County, Florida

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Housing Prices in Sanibel Island, FL

How much do homes in Sanibel Island, FL cost?

Housing Market Conditions

Is Sanibel Island, 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

Sanibel Island is a Buyer's Market

Difference Since March 2024

At the same time last year, Sanibel Island was a Neutral Market.

Insight

Sanibel Island 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.
$990,000$590/SqFt
-$771
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Sanibel Island has remained the same since last year.

Summary: The median home sold price in Sanibel Island was $990,000 in March 2025, down 0.1% from last year, and the median price per square foot was $590.

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
Captiva
+26.6%
Bokeelia
+4.8%
Sanibel Island
-0.1%
Sanibel
-0.8%

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.
BedsMar 2024Mar 2025Change YoY
1$457.5K$554.5K
+21.2%
2$759.9K$821K
+8.0%
3$1.0M$1.0M
-2.3%
4$1.6M$2.0M
+17.8%
5$1.8M$2.0M
+11.1%

Summary: Sanibel Island housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +21.2%. The home price for 2 bedroom homes increased by +8.0%. The home price for 3 bedroom homes decreased by -2.3%. The home price for 4 bedroom homes increased by +17.8%. The home price for 5 bedroom homes increased by +11.1%.

How does Sanibel Island, FL compare with other places?

Market comparison tool

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

Sanibel Island, FL

Housing supply in Sanibel Island, FL

How many homes are available in Sanibel Island, 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
670Last MonthMar 2025
5992 months agoFeb 2025
+11.9 %
Change MoMFeb – Mar

Summary: The Sanibel Island real estate market had 670 homes for sale in Mar 2025, a 11.9 % increase compared to Feb 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
25Last MonthMar 2025
182 months agoFeb 2025
+38.9 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
13846
+21.1%
2164188
+14.6%
3266287
+7.9%
490105
+16.7%
54144
+7.3%

Summary: Sanibel Island housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +21.1%. The inventory for 2 bedroom homes increased by +14.6%. The inventory for 3 bedroom homes increased by +7.9%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes increased by +7.3%.

Asking Price vs. Sold Price

How much do homes in Sanibel Island, 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 Price1 Home

At Asking Price1 Home

Under Asking Price23 Homes

Insight

If you're buying a home in Sanibel Island, you may be able to get a good deal. 92% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Sanibel Island in March 2025, up by 38.9% month-over-month. Of the 25 sold homes, 92% were sold under asking, 4% were sold at asking, and and 4% were sold over asking.

Days on Market for Sanibel Island, FL

How long does it take to sell a home in Sanibel Island, FL?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days6 Homes

Over 90 Days5 Homes

Insight

Many homes in Sanibel Island are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 25 homes were sold in Sanibel Island; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% 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 YearMar 2025
89 Days1 year agoMar 2024
-27.9 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Sanibel Island had an average listing age of 64 days in Mar 2025, down by 27.9% compared to the previous year.

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Newest Listings in Sanibel Island, FL

What homes are available in Sanibel Island, FL?

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Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Florida Gulf Coast MLS, and Stellar MLS for the period 04/01/2023 - 04/01/2025

IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 12:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 4/11/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.