34240 — Manatee County, Florida Market Snapshot
Housing market data for zip code 34240 in Manatee County, Florida. Updated monthly with median prices, days on market, and more.
Market Sales Data
180 sales in 2026 (year to date)
Median Sale Price
$977,500
Days to Sell
67
Homes Sold
180
Inventory
111
Sale-to-List
96.1%
New Listings
147
Price/SqFt
$361
Pending Sales
186
Jumbo Loan Likely Needed
The median home in 34240 at $977,500 exceeds the 2026 conforming loan limit of $832,750 by $144,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
With homes sitting for 67 days on average, 34240 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 34240 sells for 3.9% below asking price (96.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 34240 at $977,500 exceeds the 2026 conforming loan limit of $832,750 by $144,750. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 34240 are set at the county level.
2026 Loan Limits — Manatee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $547,400 |
| 2 Units | $1,066,250 | $700,750 |
| 3 Units | $1,288,800 | $847,050 |
| 4 Units | $1,601,750 | $1,052,700 |
Affordability Snapshot — Zip 34240
To purchase the median home at $977,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,639.
Monthly Payment
$7,639
Income Required
$327,398
Principal & Interest
$6,023/mo
Down Payment (5%)
$48,875
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 34240.
Estimated Monthly Payment
$6,200
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