Is Marion County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Marion County has remained a Seller's Market.
Housing Prices in Marion County, FL
How much do homes in Marion County, FL cost?
Median Sold Price
$275,061
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Marion County was $275,061 in June 2024, up 1.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.5K | $121.5K | +12.0% |
2 Bedrooms | $214.6K | $218K | +1.6% |
3 Bedrooms | $268.2K | $265K | -1.2% |
4 Bedrooms | $330.6K | $318.9K | -3.5% |
5+ Bedrooms | $403.9K | $370.9K | -8.2% |
Summary: Marion County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Counties
Alachua County | $314.6K | $321.8K | +2.3% |
Citrus County | $275K | $279.9K | +1.8% |
Marion County | $272K | $275K | +1.1% |
Levy County | $243.5K | $245K | +0.6% |
Putnam County | $239.9K | $235.9K | -1.6% |
Housing Supply in Marion County, FL
How many homes are available in Marion County, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4,606 | 4,347 | -5.6% |
Summary: The Marion County real estate market had 4,347 homes for sale in June 2024, a 5.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 21 | -4.5% |
2 Bedrooms | 993 | 970 | -2.3% |
3 Bedrooms | 2,413 | 2,236 | -7.3% |
4 Bedrooms | 1,017 | 964 | -5.2% |
5+ Bedrooms | 161 | 156 | -3.1% |
Summary: The Marion County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
919 | 736 | -19.9% |
Asking Price vs. Sold Price
435 Homes Were Sold
Under Asking
210 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Summary: A total of 736 homes were sold or pending in Marion County in June 2024, down by 19.9% month-over-month. Of the 736 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
56 Days | 64 Days | +15.7% |
Summary: Homes in Marion County had an average of 64 days on market in Jun 2024, up by 15.7% compared to last year.
Breakdown of Home Sale Times
302 Homes Were Sold
Under 30 Days
250 Homes Were Sold
In 30 - 90 Days
184 Homes Were Sold
Over 90 Days
Summary: During June 2024, 736 homes were sold in Marion County; 41% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.