Longboat Key, FL housing market

The median sale price in Longboat Key, FL was $935K in May 2026, down 20.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.09M, easing from $1.17M across the three months before that. That puts prices 52.8% below the strongest three-month stretch on record here, which ended in Nov 2024 at $2.31M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $966K for Jun 2026, down 7.5% year over year.

Buyers had 299 homes to choose from in May 2026, down 15.1% year over year (Redfin). At the current sales pace that standing inventory works out to 5.9 months of supply; convention treats four to six months as a balanced market, which puts Longboat Key, FL squarely inside it. 44 homes came to market in May 2026, down 18.5% year over year, against 51 closings, up 27.5% year over year. Homes that sold in May 2026 took a median of 81 days to go under contract, 5 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 2.0% settled above asking, and the average sale landed at 94% of its final list price. 28% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Longboat Key, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.