$10,000 Closing Credit*
$1,275,000
1,836 SqFt
2 Beds
•2 Full Baths, 1 Partial
Mark Benson, PA, Listing Office: Keller Williams Realty Naples
Is Marco Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Marco Island was a Seller's Market.
Key Takeaway
Marco Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marco Island, FL
How much do homes in Marco Island, FL cost?
Median Sold Price
$1,108,571
$664/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$9,404(+0.9%)
Key Takeaway
Homes in Marco Island have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Marco Island was $1,108,571 in September 2024, up 0.9% from last year, and the median price per square foot was $664.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458.5K | $421K | -8.2% |
| 2 Bedrooms | $702.5K | $650K | -7.5% |
| 3 Bedrooms | $1.3M | $1.4M | +1.4% |
| 4 Bedrooms | $2.3M | $2.6M | +9.5% |
| 5+ Bedrooms | $3.1M | $5.2M | +69.2% |
Summary: Marco Island housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 69.2%.
Housing Supply in Marco Island, FL
How many homes are available in Marco Island, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 576 | 569 | -1.2% |
Summary: The Marco Island real estate market had 569 homes for sale in September 2024, a 1.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 63 | 62 | -1.6% |
| 2 Bedrooms | 216 | 209 | -3.2% |
| 3 Bedrooms | 183 | 184 | 0.5% |
| 4 Bedrooms | 89 | 88 | -1.1% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Marco Island housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 62 | 30 | -51.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marco Island, you may be able to get a good deal. 96.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Marco Island in September 2024, down by 51.6% month-over-month. Of the 30 sold homes, 97% were sold under asking, 3% were sold at asking, and 0% were sold over asking.
Days on Market for Marco Island, FL
How long does it take to sell a home in Marco Island, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 100 Days | 146 Days | +45.7% |
Summary: Homes in Marco Island had an average of 146 days on market in Sep 2024, up by 45.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Marco Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 30 homes were sold in Marco Island; 23% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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