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 June 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

$1,113,611

$670/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$13,611(+1.2%)

Key Takeaway

Homes in Marco Island have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Marco Island was $1,113,611 in June 2024, up 1.2% from last year, and the median price per square foot was $670.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $457K$442.5K
-3.2%
2 $702.5K$665K
-5.3%
3 $1.4M$1.4M
0.0%
4 $2.2M$2.5M
+12.4%
5+ $2.8M$5.3M
+87.7%

Summary: Marco Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 87.7%.

Housing Supply in Marco Island, FL

How many homes are available in Marco Island, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
724667-7.9%

Summary: The Marco Island real estate market had 667 homes for sale in June 2024, a 7.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 7172
+1.4%
2 277264
-4.7%
3 248215
-13.3%
4 9681
-15.6%
5+ 3235
+9.4%

Summary: The Marco Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
10974-32.1%

Asking Price vs. Sold Price

68 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was 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. 91.9% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Marco Island in June 2024, down by 32.1% month-over-month. Of the 74 sold homes, 92% were sold under asking, 7% were sold at asking, and 1% 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

Jun 2023Jun 2024CHANGE
63 Days110 Days+74.0%

Summary: Homes in Marco Island had an average of 110 days on market in Jun 2024, up by 74% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 June 2024, 74 homes were sold in Marco Island; 20% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

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