Is Marco Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marco Island is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Marco Island has remained a Buyer'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.

How much do homes in Marco Island, FL cost?

Median Sold Price

$2,185,000

$638/sqft

Based on all homes sold in May 2023.

Difference Since Last Month

-$1,365,000(-38.5%)

Key Takeaway

Homes in Marco Island have sold for 38.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023May 2023%
1 --
N/A
2 --
N/A
3 --
N/A
4 --
N/A
5+ $3.5M$2.1M
-38.5%

How many homes are available in Marco Island, FL?

Number of Homes For Sale

Apr 2023May 2023%
1923+21.1%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 34
+33.3%
2 26
+200.0%
3 66
0.0%
4 45
+25.0%
5+ 42
-50.0%

Number of Homes Sold

Apr 2023May 2023%
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marco Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.

How long does it take to sell a home in Marco Island, FL?

How long does it take to sell a home in Marco Island, FL?

Average Sale Time

Apr 2023May 2023%
84 Days19 Days-77.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marco Island are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Marco Island, FL

Marco Island, FL has 23 homes on the market. The number of listings in Marco Island, FL increased by 21.1% between April 2023 and May 2023. Listings spent 19 days on the market in May 2023, and had a median list price of $2,185,000 during the same period. Between May 2022 and May 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 0%, prices of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties went down by 38.5%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 33.3%, volume of 2 bedrooms homes went up by 200%, 3 bedrooms homes did not move, 4 bedrooms homes inventory increased by 25%, number of 5 bedrooms homes decreased by 50%. Over 0 listings were sold over their listed price in May 2023 in Marco Island, FL. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.