Is Marion County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113K | $110K | -2.7% |
| 2 Bedrooms | $214.9K | $215.1K | 0.1% |
| 3 Bedrooms | $269.9K | $265K | -1.8% |
| 4 Bedrooms | $343.8K | $319K | -7.2% |
| 5+ Bedrooms | $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 | $310K | $319.6K | +3.1% |
| Marion County | $274.5K | $274.1K | -0.1% |
| Putnam County | $239.9K | $234.4K | -2.3% |
| Citrus County | $283.3K | $275.9K | -2.6% |
| Levy County | $261.5K | $240.2K | -8.1% |
Housing Supply in Marion County, FL
How many homes are available in Marion County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4,714 | 4,788 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 34 | +9.7% |
| 2 Bedrooms | 1,047 | 1,115 | +6.5% |
| 3 Bedrooms | 2,482 | 2,484 | 0.1% |
| 4 Bedrooms | 995 | 1,000 | 0.5% |
| 5+ Bedrooms | 159 | 155 | -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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 711 | 775 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 63 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
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.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.