Is Ocala, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocala is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Ocala was a Neutral Market.

Key Takeaway

Ocala is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ocala, FL

How much do homes in Ocala, FL cost?

Median Sold Price

$278,347

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,878(+1.8%)

Key Takeaway

Homes in Ocala have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Ocala was $278,347 in February 2024, up 1.8% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $112K$113.5K
+1.3%
2 $198.4K$215.1K
+8.5%
3 $269.9K$267.1K
-1.0%
4 $363.2K$319.9K
-11.9%
5+ $431.6K$397.5K
-7.9%

Summary: Ocala housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Cities

Ocala
+1.8%
Silver Springs
-36.1%

Housing Supply in Ocala, FL

How many homes are available in Ocala, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3,0813,290+6.8%

Summary: The Ocala real estate market had 3,290 homes for sale in February 2024, a 6.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1115
+36.4%
2 704753
+7.0%
3 1,5361,657
+7.9%
4 728753
+3.4%
5+ 102112
+9.8%

Summary: The Ocala housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
426430+0.9%

Asking Price vs. Sold Price

250 Homes Were Sold
Under Asking

138 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocala, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 430 homes were sold or pending in Ocala in February 2024, up by 0.9% month-over-month. Of the 430 sold homes, 58% were sold under asking, 32% were sold at asking, and 10% 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

Feb 2023Feb 2024CHANGE
59 Days63 Days+6.6%

Summary: Homes in Ocala had an average of 63 days on market in Feb 2024, up by 6.6% compared to last year.

Breakdown of Home Sale Times

164 Homes Were Sold
Under 30 Days

144 Homes Were Sold
In 30 - 90 Days

122 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 430 homes were sold in Ocala; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% 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 1 Day Ago

Newest Listings in Ocala, FL

Nearby Markets to Ocala, FL

What housing markets are near Ocala, FL?