Is Ocala, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ocala has remained a Seller's Market.
Key Takeaway
Ocala is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocala, FL
How much do homes in Ocala, FL cost?
Median Sold Price
$278,438
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ocala have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Ocala was $278,438 in March 2024, up 1.3% 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 | $105K | $113.2K | +7.9% |
| 2 Bedrooms | $202.5K | $212.7K | +5.1% |
| 3 Bedrooms | $267.8K | $267.1K | -0.3% |
| 4 Bedrooms | $355.8K | $319.8K | -10.1% |
| 5+ Bedrooms | $439.8K | $384.9K | -12.5% |
Summary: Ocala housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Ocala | $274.9K | $278.4K | +1.3% |
| Silver Springs | $256K | $165K | -35.5% |
Housing Supply in Ocala, FL
How many homes are available in Ocala, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3,321 | 3,401 | +2.4% |
Summary: The Ocala real estate market had 3,401 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 19 | +26.7% |
| 2 Bedrooms | 752 | 801 | +6.5% |
| 3 Bedrooms | 1,651 | 1,677 | +1.6% |
| 4 Bedrooms | 785 | 790 | +0.6% |
| 5+ Bedrooms | 118 | 114 | -3.4% |
Summary: The Ocala housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 478 | 568 | +18.8% |
Asking Price vs. Sold Price
324 Homes Were Sold
Under Asking
169 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocala, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 568 homes were sold or pending in Ocala in March 2024, up by 18.8% month-over-month. Of the 568 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Ocala, FL
How long does it take to sell a home in Ocala, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 66 Days | +13.0% |
Summary: Homes in Ocala had an average of 66 days on market in Mar 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
225 Homes Were Sold
Under 30 Days
183 Homes Were Sold
In 30 - 90 Days
160 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocala are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 568 homes were sold in Ocala; 40% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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