$2,078 Closing Credit*
$175,000
3,108 SqFt
Listing Office: RE/MAX Realty One
Is Citrus County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Citrus County was a Seller's Market.
Key Takeaway
Citrus County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Citrus County, FL
How much do homes in Citrus County, FL cost?
Median Sold Price
$286,330
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,425(+2.7%)
Key Takeaway
Homes in Citrus County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Citrus County was $286,330 in November 2024, up 2.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $157K | +6.8% |
| 2 Bedrooms | $209.1K | $213.1K | +2.0% |
| 3 Bedrooms | $298.6K | $300.2K | 0.5% |
| 4 Bedrooms | $345K | $345.9K | 0.3% |
| 5+ Bedrooms | $475K | $394.9K | -16.8% |
Summary: Citrus County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Counties
| Levy County | $249.9K | $269.7K | +7.9% |
| Citrus County | $278.9K | $286.3K | +2.7% |
| Sumter County | $351.7K | $360.7K | +2.6% |
| Hernando County | $320.1K | $327.7K | +2.4% |
| Marion County | $274K | $279.9K | +2.2% |
Housing Supply in Citrus County, FL
How many homes are available in Citrus County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,520 | 2,590 | +2.8% |
Summary: The Citrus County real estate market had 2,590 homes for sale in November 2024, a 2.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 42 | +2.4% |
| 2 Bedrooms | 569 | 556 | -2.3% |
| 3 Bedrooms | 1,332 | 1,408 | +5.7% |
| 4 Bedrooms | 512 | 520 | +1.6% |
| 5+ Bedrooms | 66 | 64 | -3.0% |
Summary: The Citrus County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 367 | 303 | -17.4% |
Asking Price vs. Sold Price
184 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Citrus County, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 303 homes were sold or pending in Citrus County in November 2024, down by 17.4% month-over-month. Of the 303 sold homes, 61% were sold under asking, 27% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 76 Days | +59.8% |
Summary: Homes in Citrus County had an average of 76 days on market in Nov 2024, up by 59.8% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
101 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Citrus County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 303 homes were sold in Citrus County; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% 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.