Last year, we wondered how wealthy you actually have to be to live here. The latest housing numbers offer one answer: seven figures help. From April through June, nearly one in nine homes sold in Sarasota and Manatee counties fetched at least $1 million, and million-dollar sales grew more than twice as quickly as the overall market.

In other words: A $1 million home is still expensive. Around here, though, it’s no longer especially rare.

Nearly one in nine residential properties sold across the two counties during the second quarter of 2026—from April through June—closed for at least $1 million, based on Florida Realtors reports distributed by the Realtor Association of Sarasota and Manatee (RASM).

The reports counted 799 million-dollar sales among 6,884 single-family, condo and townhouse transactions. That gave properties priced at $1 million or more an 11.6 percent share of the market.

Seven-figure sales increased 24.3 percent from Q2 2025, when 643 such properties changed hands. Total residential sales grew by a smaller 10.2 percent, pushing the million-dollar share of the market from 10.3 percent to 11.6 percent.

The findings raise a broader question: Is a $1 million home still a mansion?

Around Sarasota, the answer depends heavily on where the home is, what kind of property it is and what condition it’s in. One million dollars might buy an older downtown condominium, a newer suburban house with several bedrooms or an aging home whose greatest asset is the lot beneath it. The price no longer guarantees an estate—or even a particularly rare address.

Sarasota County recorded 498 million-dollar sales during the quarter, representing 13.6 percent of its residential transactions. Manatee County recorded 301, or 9.3 percent of its sales.

Single-family homes accounted for most of the activity. Across the two counties, 658 sold for at least $1 million, representing 13.6 percent of single-family transactions. Another 141 condos and townhouses crossed the threshold, accounting for 6.9 percent of sales in that segment.

The seven-figure market grew in three of the four categories measured. Million-dollar single-family sales increased 23 percent in Sarasota County and 29.6 percent in Manatee County. Sarasota County’s million-dollar condo and townhouse sales rose 25.2 percent.

Manatee County’s condo and townhouse market moved in the opposite direction, with million-dollar sales falling from 17 to 12. The 29.4 percent decline involved relatively few transactions, underscoring how sharply the region’s luxury market can differ by property type and location.

Sarasota County remained the center of the region’s highest-priced activity. During the quarter, 73 single-family homes sold from $2 million through $2.99 million, a 52.1 percent increase from the prior year. Another 54 sold from $3 million through $4.99 million, up 54.3 percent. Eighteen sold for at least $5 million, including four at $10 million or more.

Manatee County posted its largest percentage gains in its highest price ranges, though the increases began from relatively small numbers. Sales from $3 million through $4.99 million, for example, rose from 14 to 29. That amounted to 15 additional sales but a 107.1 percent increase.

Another measure shows how firmly million-dollar housing is embedded in the area’s existing housing stock. The U.S. Census Bureau estimated that approximately 31,100 owner-occupied homes in the North Port–Bradenton–Sarasota metro were worth at least $1 million in 2024. That was about 9.7 percent of the metro’s owner-occupied homes, compared with 8 percent nationally.

Census home values are owners’ estimates, not recorded sale prices, so they shouldn’t be equated with the quarterly sales figures. Still, the two measures point in the same direction: Seven-figure homes have become a substantial—and growing—part of the local market.

Nationally, the change has been dramatic. NAR found that the number of owner-occupied homes valued at $1 million or more increased from approximately 1.5 million in 2005 to 6.9 million in 2024. Their share of the country’s owner-occupied housing stock rose from 2 percent to 8 percent.

That growth doesn’t mean the country suddenly built millions of mansions. In many markets, it reflects years of appreciation carrying existing homes across a fixed dollar line.