34240 (Sarasota)
Housing Market
Median sale price $323,500, down 4.3% year over year, with homes going under contract in about 54 days, 4 homes on the market.
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Housing Market Analyst
Inventory sits at 6.0 months of supply — balanced by the 3-to-6-month balanced benchmark, and 0% of listed homes are already under contract. Prices are down 4.3% versus the prior year, but sellers are still collecting 92.5% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 0% of inventory sits under contract.
- Mortgage sensitivity — at 5.0× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 34240 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where 34240 is hot — and where it isn't
Each dot is a community (14 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 34240 (Sarasota)
The median sale price across 34240 currently stands at $323,500, down 4.3% from a year ago. Buyers are paying a median of $223 per square foot. The typical home goes under contract in about 54 days. Sellers are capturing 92.5% of their original asking price on average.
There are 4 active listings on the market. At the current sales pace that works out to 6.0 months of supply — a buyer-leaning market by the standard six-month benchmark. 8 homes closed here over the trailing 12 months.
Zillow's home value index for Sarasota County stands at $399,487. About 26% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 34240 is 38 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
34240 since 2012 — and where it’s heading
A median home here sold for $147,274 in 2012 and $601,268 over the last recorded year — 308% appreciation across 14 years of recorded sales. Cash buyers took 37% of recent sales, down from a 43% peak.
Median sale price · 2012–2026 (4,608 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Sarasota County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Sarasota County (MLS)
What’s driving 34240
Top inbound states: NY, NJ, MA, IL. Movers arriving report ~$141,412 average income. Source: IRS SOI county-to-county migration, 2022-2023
4,849 Citizens policies in force in Sarasota County — the state-backed insurer of last resort. Budget insurance into any Sarasota purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
4,283 single-family · 2,344 multi-family · 14.8 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Sarasota
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 34240 ← this page | $324K | 4 | 38 | |
| 34241 | $635K | 36 | 62 | Open → |
| 34236 | $1.15M | 16 | 43 | Open → |
| 34285 | $332K | 15 | 43 | Open → |
| 34229 | $675K | 13 | 59 | Open → |
| 34231 | $390K | 12 | 61 | Open → |
Neighborhoods on the move
| MONTEREY AT LAKEWOOD RANCHSarasota | $1.25M | ▲ 16% |
| TATUM RIDGESarasota | $498K | ▲ 6% |
| ALCOVELargo | $1.34M | ▲ 4% |
| EMERALD LANDING AT WATERSIDESarasota | $695K | ▲ 3% |
| SOUTH VENICEVenice | $324K | ▲ -3% |
| RITZ CARLTON RESIDENCESSarasota | $2.48M | ▼ 44% |
| FOUNDERS CLUBSarasota | $2.15M | ▼ 26% |
| BARTON FARMS, LAUREL LAKESSarasota | $609K | ▼ 13% |
| Laurel Oak EstatesSarasota | $1.32M | ▼ 10% |
| WINDWARD AT LAKEWOOD RANCHSarasota | $616K | ▼ 10% |
| RITZ CARLTON RESIDENCESSarasota | $2.48M | 4 |
| TATUM RIDGESarasota | $498K | 40 days |
| SOUTH VENICEVenice | $324K | 42 days |
| Laurel Oak EstatesSarasota | $1.32M | 49 days |
| BARTON FARMS, LAUREL LAKESSarasota | $609K | 62 days |
| FOUNDERS CLUBSarasota | $2.15M | 79 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 34240 right now?
The data says conditions currently favor buyers in 34240 — the Momentum Score reads 38/100 with 6.0 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 34240 becoming more affordable?
Yes, modestly — the median sale price in 34240 is $323,500, down 4.3% versus the prior year, while sellers still capture 92.5% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 34240?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are RITZ CARLTON RESIDENCES (-44%); FOUNDERS CLUB (-26%); BARTON FARMS, LAUREL LAKES (-13%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 34240 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are TATUM RIDGE (40 days); SOUTH VENICE (42 days); Laurel Oak Estates (49 days) — homes there go under contract well ahead of the market-wide pace of 54 days.
34240 (Sarasota) housing market FAQ
What is the median home price in 34240?
The median sale price in 34240 is currently $323,500, down 4.3% from a year ago, based on MLS sales data updated August 6, 2026.
Is 34240 a buyer's or seller's market right now?
The data currently favors buyers. 34240 scores 38 of 100 on the Momentum Score, with 6.0 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 34240?
The typical home in 34240 goes under contract in about 54 days, per current MLS data.
How many homes are for sale in 34240?
There are approximately 4 active listings in 34240 as of August 6, 2026.
Are home prices in 34240 rising or falling?
Median sale prices are down 4.3% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 34240 (Sarasota). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.