Is Marion County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marion County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Marion County was a Seller's Market.

Key Takeaway

Marion County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marion County, FL

How much do homes in Marion County, FL cost?

Median Sold Price

$274,189

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$406(-0.1%)

Key Takeaway

The sold price of homes in Marion County has remained the same since last year.

Summary: The median home sold price in Marion County was $274,189 in March 2024, down 0.1% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $113K$110K
-2.7%
2 $214.9K$215.1K
0.1%
3 $269.9K$265K
-1.8%
4 $343.8K$319K
-7.2%
5+ $403K$383.4K
-4.9%

Summary: Marion County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Counties

Alachua County
+3.1%
Marion County
-0.1%
Putnam County
-2.3%
Citrus County
-2.6%
Levy County
-8.1%

Housing Supply in Marion County, FL

How many homes are available in Marion County, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4,7144,788+1.6%

Summary: The Marion County real estate market had 4,788 homes for sale in March 2024, a 1.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3134
+9.7%
2 1,0471,115
+6.5%
3 2,4822,484
0.1%
4 9951,000
0.5%
5+ 159155
-2.5%

Summary: The Marion County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 2.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
711775+9.0%

Asking Price vs. Sold Price

430 Homes Were Sold
Under Asking

247 Homes Were Sold
At Asking

98 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marion County, you may be able to get a good deal. 55.5% of homes here sold below asking price last month.

Summary: A total of 775 homes were sold or pending in Marion County in March 2024, up by 9.0% month-over-month. Of the 775 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.

Days on Market for Marion County, FL

How long does it take to sell a home in Marion County, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
58 Days63 Days+8.6%

Summary: Homes in Marion County had an average of 63 days on market in Mar 2024, up by 8.6% compared to last year.

Breakdown of Home Sale Times

318 Homes Were Sold
Under 30 Days

254 Homes Were Sold
In 30 - 90 Days

203 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 775 homes were sold in Marion County; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% 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 20 Days Ago

Newest Listings in Marion County, FL

Nearby Markets to Marion County, FL

What housing markets are near Marion County, FL?