Market Intelligence · FL / Sarasota

Sarasota, FL 34240 Housing Market

The typical home value in Sarasota 34240 is $749,080, down 0.8% over the past year. The median list price stands at $760,000, with homes spending a median of 66 days on market as of September 2026.

Updated September 2026Median value$749K

The median home value in Sarasota, FL 34240 is $749K as of September 2026, down 0.8% 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 34240 range

$689K to $809K

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

-0.8% over 12 months

Sep 2025$755K

Low $742KHigh $755K

Sep 2026$749K

The numbers

What is the 34240 housing market like?

As of September 2026

Typical home value

$749K

0.8%YoY

Median list price

$760K

10.6%MoM

Days on market

8.2%MoM

Homes for sale

131

2.3%MoM

Price cuts

13.8%

33.6%MoM

New listings

25.0%MoM

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

The outlook

34240 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 34240 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 34240 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 34240?

Zillow's forecast says they may: it expects typical home values in 34240 to fall 1.5% by September 2027, after a 0.8% 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 34240 home prices compare?

34240$749,080
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

Sarasota 34240 has 131 homes for sale, with 40 new listings added in September 2026. Nearly one in seven listings, at 13.8%, have already seen a price cut. The median days on market of 66 suggests homes are taking time to sell. Prices have edged down over the past year, reflecting a slower market. Sellers should expect realistic pricing and patience in this environment.

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Down payment20% · $149,816

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Common questions

What people ask us.

What is the typical home value in 34240?

The typical home value is $749,080, down 0.8% over the past year as of September 2026.

How long do homes stay on the market in 34240?

The median days on market is 66 as of September 2026.

How many homes are currently for sale in 34240?

There are 131 homes for sale as of September 2026, with 40 new listings added that month.

Discover

Nearby ZIP markets.

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