Market Intelligence · FL / Sarasota

Sarasota, FL 34238 Housing Market

The typical home value in Sarasota, FL 34238 stands at $496,664, down 2.6% over the past year. The median list price is $419,725, and homes are spending a median of 96 days on market.

Updated September 2026Median value$497K

The median home value in Sarasota, FL 34238 is $497K as of September 2026, down 2.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 34238 range

$457K to $536K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.6% over 12 months

Sep 2025$510K

Low $494KHigh $510K

Sep 2026$497K

The numbers

What is the 34238 housing market like?

As of September 2026

Typical home value

$497K

2.6%YoY

Median list price

$420K

1.7%MoM

Days on market

3.2%MoM

Homes for sale

206

5.9%MoM

Price cuts

19.1%

3.7%MoM

New listings

22.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

34238 housing market forecast 2027

-1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 34238 to fall 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 34238 fell 2.6%, per the Zillow Home Value Index.

Will home prices drop in 34238?

Zillow's forecast says they may: it expects typical home values in 34238 to fall 1.7% by September 2027, after a 2.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 34238 home prices compare?

34238$496,664
Sarasota$394,831
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Sarasota: 13 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

The area has 206 homes for sale as of September 2026, with 54 new listings entering the market. Homes are taking time to sell, staying listed for a median of 96 days. A notable sign of seller adjustment: 19.1% of listings have seen a price cut. With values declining over the year and moderate inventory levels, sellers should be realistic about pricing and timeline expectations.

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Common questions

What people ask us.

What is the typical home value in 34238?

The typical home value in Sarasota, FL 34238 is $496,664, down 2.6% over the past year.

How many homes are currently for sale in this area?

As of September 2026, there are 206 homes for sale in 34238, with 54 new listings recently added to the market.

How long do homes typically stay on the market here?

The median days on market is 96, indicating that homes are taking several months to sell in this area.

Discover

Nearby ZIP markets.

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