As of January 2024, home prices on Longboat Key surged by 84.5% year-over-year, reaching a median sale price of $1.9M. Homes now typically sell in 31 days, longer than last year's 20 days. Sales also increased, with 27 homes sold in January, up from 20 the previous year.

Longboat Key's housing market shows a competitive edge, with homes generally selling within 32 days. It's common for properties to receive several offers, indicating a lively market. On average, homes are purchased at approximately 5% under the asking price and typically go under contract in about 32 days. Properties in high demand, known as "hot homes," may sell at or near the listing price and often go pending in just 8 days, reflecting the market's dynamic nature and the quick turnaround for highly sought-after homes.

Nationwide, 1% of prospective homebuyers are looking to move into Longboat Key from other metropolitan areas. Among these, Chicagoans show the highest interest in relocating to Longboat Key, with New York and Washington residents following closely behind in their search to move to the area.

Longboat Key is considered a desirable place to live, known for its beautiful beaches, luxury amenities, and peaceful, upscale residential areas. Its location offers residents a blend of serene coastal living with access to high-quality dining, shopping, and recreational activities. The strong interest from homebuyers outside the area further underscores its attractiveness as a living destination.

Getting a house on Longboat Key offers a blend of luxury living, pristine beaches, and a peaceful community atmosphere. The area is known for its high-quality lifestyle, offering access to excellent dining, shopping, and outdoor activities. It's an ideal spot for those seeking a tranquil coastal environment with the benefits of upscale amenities and a strong sense of community.

Longboat Key enjoys a subtropical climate, characterized by warm, sunny weather year-round. Summers are hot and humid, with temperatures often in the high 70s to low 90s (°F) and frequent afternoon thunderstorms. Winters are mild and dry, with temperatures ranging from the low 50s to high 70s (°F). This climate makes Longboat Key an appealing destination for those seeking warm weather and ample sunshine throughout the year.