Is East Marion, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, East Marion was a Neutral Market.
Key Takeaway
East Marion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Marion, FL
How much do homes in East Marion, FL cost?
Median Sold Price
$149,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in East Marion have sold for 26.6% less than they did a year ago.
Summary: The median home sold price in East Marion was $149,000 in November 2023, down 26.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84K | $98.4K | +17.2% |
| 2 Bedrooms | $165.5K | $100K | -39.6% |
| 3 Bedrooms | $236.7K | $200K | -15.5% |
| 4 Bedrooms | $274.9K | $224K | -18.5% |
| 5+ Bedrooms | $450K | $357.5K | -20.6% |
Summary: East Marion housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 39.6%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
| Ocklawaha | $238.2K | $236K | -0.9% |
| Fort Mc Coy | $217K | $170.2K | -21.5% |
| East Marion | $203K | $149K | -26.6% |
| Fort McCoy-Anthony | $300K | $210K | -30.0% |
| Silver Springs | $260K | $175K | -32.7% |
Housing Supply in East Marion, FL
How many homes are available in East Marion, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 164 | 168 | +2.4% |
Summary: The East Marion real estate market had 168 homes for sale in November 2023, a 2.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 43 | 38 | -11.6% |
| 3 Bedrooms | 92 | 100 | +8.7% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The East Marion housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Marion, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in East Marion in November 2023, up by 11.5% month-over-month. Of the 29 sold homes, 59% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for East Marion, FL
How long does it take to sell a home in East Marion, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 46 Days | +69.7% |
Summary: Homes in East Marion had an average of 46 days on market in Nov 2023, up by 69.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Marion are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 29 homes were sold in East Marion; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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© 2023 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2023 Central Panhandle Association of REALTORS.© All Rights Reserved.