Is Citrus County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Citrus County was a Seller's Market.
Housing Prices in Citrus County, FL
How much do homes in Citrus County, FL cost?
Median Sold Price
$275,916
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Citrus County was $275,916 in March 2024, down 2.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129K | $150K | +16.3% |
2 Bedrooms | $210K | $199.9K | -4.8% |
3 Bedrooms | $288.5K | $281.9K | -2.3% |
4 Bedrooms | $337.2K | $328.2K | -2.7% |
5+ Bedrooms | $387.9K | $377.4K | -2.7% |
Summary: Citrus County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Counties
Hernando County | $314.9K | $319.9K | +1.6% |
Marion County | $274.5K | $274.1K | -0.1% |
Citrus County | $283.3K | $275.9K | -2.6% |
Sumter County | $365.9K | $350.6K | -4.2% |
Levy County | $261.5K | $240.2K | -8.1% |
Housing Supply in Citrus County, FL
How many homes are available in Citrus County, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,087 | 1,127 | +3.7% |
Summary: The Citrus County real estate market had 1,127 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 224 | 234 | +4.5% |
3 Bedrooms | 552 | 576 | +4.3% |
4 Bedrooms | 264 | 272 | +3.0% |
5+ Bedrooms | 41 | 39 | -4.9% |
Summary: The Citrus County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 4.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
177 | 172 | -2.8% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in Citrus County in March 2024, down by 2.8% month-over-month. Of the 172 sold homes, 62% were sold under asking, 20% were sold at asking, and 18% were sold over asking.
Days on Market for Citrus County, FL
How long does it take to sell a home in Citrus County, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 61 Days | +34.8% |
Summary: Homes in Citrus County had an average of 61 days on market in Mar 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Summary: During March 2024, 172 homes were sold in Citrus County; 42% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.