Is Marion County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marion County has remained a Seller's Market.
Key Takeaway
Marion County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marion County, FL
How much do homes in Marion County, FL cost?
Median Sold Price
$274,924
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Marion County has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113K | $110K | -2.7% |
| 2 Bedrooms | $215.1K | $215.5K | 0.2% |
| 3 Bedrooms | $270K | $264.9K | -1.9% |
| 4 Bedrooms | $338K | $319.9K | -5.4% |
| 5+ Bedrooms | $404.9K | $379.9K | -6.2% |
Summary: Marion County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Alachua County | $309.6K | $322.7K | +4.2% |
| Marion County | $274.9K | $274.9K | 0% |
| Citrus County | $280K | $276.6K | -1.2% |
| Putnam County | $239.9K | $234.9K | -2.1% |
| Levy County | $256.2K | $240.2K | -6.2% |
Housing Supply in Marion County, FL
How many homes are available in Marion County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4,771 | 4,684 | -1.8% |
Summary: The Marion County real estate market had 4,684 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 24 | -20.0% |
| 2 Bedrooms | 1,078 | 1,061 | -1.6% |
| 3 Bedrooms | 2,466 | 2,448 | -0.7% |
| 4 Bedrooms | 1,043 | 1,006 | -3.5% |
| 5+ Bedrooms | 154 | 145 | -5.8% |
Summary: The Marion County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 5.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 840 | 828 | -1.4% |
Asking Price vs. Sold Price
447 Homes Were Sold
Under Asking
276 Homes Were Sold
At Asking
105 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. 54% of homes here sold below asking price last month.
Summary: A total of 828 homes were sold or pending in Marion County in April 2024, down by 1.4% month-over-month. Of the 828 sold homes, 54% were sold under asking, 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 61 Days | -0.1% |
Summary: Homes in Marion County had an average of 61 days on market in Apr 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
375 Homes Were Sold
Under 30 Days
246 Homes Were Sold
In 30 - 90 Days
207 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 April 2024, 828 homes were sold in Marion County; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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