Is Marco Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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.
Housing Prices in Marco Island, FL
How much do homes in Marco Island, FL cost?
Median Sold Price
$1,300,000
$690/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Marco Island have sold for 24.4% more than they did a month ago.
Summary: The median home sold price in Marco Island was $1,300,000 in March 2024, up 24.4% from last month, and the median price per square foot was $690.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $395K | -14.1% |
| 2 Bedrooms | $729K | $650K | -10.8% |
| 3 Bedrooms | $1.1M | $1.5M | +37.3% |
| 4 Bedrooms | $2.6M | $3.2M | +21.7% |
| 5+ Bedrooms | $4.2M | - | N/A |
Summary: Marco Island housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 37.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes did not change.
Housing Supply in Marco Island, FL
How many homes are available in Marco Island, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 767 | 813 | +6.0% |
Summary: The Marco Island real estate market had 813 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 68 | 69 | +1.5% |
| 2 Bedrooms | 265 | 289 | +9.1% |
| 3 Bedrooms | 275 | 292 | +6.2% |
| 4 Bedrooms | 116 | 114 | -1.7% |
| 5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The Marco Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 84 | +16.7% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marco Island, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Marco Island in March 2024, up by 16.7% month-over-month. Of the 84 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 75 Days | -17.3% |
Summary: Homes in Marco Island had an average of 75 days on market in Mar 2024, down by 17.3% compared to last month.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marco Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 84 homes were sold in Marco Island; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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