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Featured local agent — Longboat Key, FL
Sarah Mitchell
Compass Real Estate · Longboat Key, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Longboat Key, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$935,000median sale price
How is the Longboat Key, FL housing market right now?
The median home sale price in Longboat Key, FL is $935,000, down 20.7% year-over-year. Homes sell in an average of 81 days with 299 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Longboat Key a buyer's or seller's market?
Longboat Key, FL is currently a buyer's market, based on 5.9 months of supply and homes selling in about 81 days. How we determine this →
Homes sold
51
Last 12 weeks
Days on market
81
Average pace
Active listings
299
5.9 months supply
Sale-to-list
93.5%
Below asking
What does the Longboat Key housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $935,000 |
| Median list price | $1.20M |
| Year-over-year price change | -20.7% |
| Average days on market | 81 days |
| Active inventory | 299 listings |
| Months of supply | 5.9 months |
| Sale-to-list price ratio | 93.5% |
| Median price per sq ft | $675/sq ft |
| Homes sold (latest month) | 51 |
| New listings (latest month) | 44 |
| Listings with a price cut | 27.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Longboat Key by property type?
How the Longboat Key, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $875,000 | $657/sq ft | 38 | 64 days |
| Townhouse | $735,000 | $382/sq ft | 3 | 56 days |
Source: Redfin · Updated monthly
The Longboat Key housing market is currently classified as a buyer's market with a median sale price of $935,000. Prices have fallen 20.7% compared to last year, with homes spending an average of 81 days on market, indicating 5.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Longboat Key
There are currently 299 homes listed for sale in Longboat Key, Florida. The median listing price is $1.2M.
Active listings
299
Homes on market
Median list price
$1.2M
Avg. days on market
81
Days until sale
New this week
44
Newly listed
Who lives in Longboat Key?
Population
7,512
Median income
$143,365/yr
Median age
71.5 years
Owner-occupied
93.6%
College grads
68.9%
Avg commute
25.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Longboat Key?
Zillow home value
$958,180
Zillow rent index
$8,209/mo
Price-to-rent ratio
9.7x
Price-to-income
6.7x
Source: Zillow Research
What is it like to live in Longboat Key?
Longboat Key is a community of approximately 8K residents with a median age of 71.5 years.The median household income is $143,365, which reflects a relatively affluent area with strong earning potential. 68.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 93.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Longboat Key offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Longboat Key, FL?
Want a head-to-head view? Compare Longboat Key side-by-side with any other U.S. city using our market-comparison tool.
Is Longboat Key a good real estate investment market?
For investors evaluating Longboat Key, the price-to-rent ratio of 9.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 20.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Longboat Key's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Longboat Key's median home price.
Frequently asked questions
What is the average home price in Longboat Key?
The median home sale price in Longboat Key is $935,000, down 20.7% from last year.
How long do homes stay on market in Longboat Key?
Homes typically spend 81 days on market before going under contract.
What is the median income in Longboat Key?
The median household income is $143,365 per year.
Is Longboat Key a buyer's or seller's market?
With 5.9 months of supply, Longboat Key is currently a buyer's market.
What is the Zillow home value estimate for Longboat Key?
The Zillow Home Value Index (ZHVI) for Longboat Key is $958,180, representing the typical home value in the area.
What is the median condo price in Longboat Key?
The median condo/co-op sale price in Longboat Key, FL is $875,000, based on the latest Redfin data.
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