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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Citrus County is a neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Citrus 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 Citrus County, FL

How much do homes in Citrus County, FL cost?

Median Sold Price

$276,683

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$3,319(-1.2%)

Key Takeaway

Homes in Citrus County have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Citrus County was $276,683 in April 2024, down 1.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $135K$142.5K
+5.6%
2 $210K$199.5K
-5.0%
3 $285.3K$280K
-1.9%
4 $334K$324.9K
-2.7%
5+ $386.9K$377.4K
-2.5%

Summary: Citrus County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Counties

Hernando County
+1.6%
Marion County
0%
Citrus County
-1.2%
Sumter County
-1.4%
Levy County
-6.2%

Housing Supply in Citrus County, FL

How many homes are available in Citrus County, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,0951,159+5.8%

Summary: The Citrus County real estate market had 1,159 homes for sale in April 2024, a 5.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 59
+80.0%
2 230244
+6.1%
3 549583
+6.2%
4 271283
+4.4%
5+ 4040
0.0%

Summary: The Citrus County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
182167-8.2%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Citrus County, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.

Summary: A total of 167 homes were sold or pending in Citrus County in April 2024, down by 8.2% month-over-month. Of the 167 sold homes, 67% were sold under asking, 27% were sold at asking, and 6% were sold over asking.

Days on Market for Citrus County, FL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days55 Days+17.9%

Summary: Homes in Citrus County had an average of 55 days on market in Apr 2024, up by 17.9% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 167 homes were sold in Citrus County; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

Newest Listings in Citrus County, FL

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