$10,500
1.10 Acres
Land
Brandy Loebker, Listing Office: KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Is Marianna, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Marianna was a Seller's Market.
Key Takeaway
Marianna is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marianna, FL
How much do homes in Marianna, FL cost?
Median Sold Price
$215,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,000(-5.3%)
Key Takeaway
Homes in Marianna have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Marianna was $215,000 in October 2024, down 5.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $44K | -81.8% |
| 2 Bedrooms | $112.5K | $130K | +15.6% |
| 3 Bedrooms | $218K | $197.5K | -9.4% |
| 4 Bedrooms | $285K | $308.7K | +8.3% |
| 5+ Bedrooms | $309.4K | $319.5K | +3.2% |
Summary: Marianna housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 81.8%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Marianna, FL
How many homes are available in Marianna, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 70 | -7.9% |
Summary: The Marianna real estate market had 70 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Marianna housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marianna, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Marianna in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Marianna, FL
How long does it take to sell a home in Marianna, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 50 Days | -24.6% |
Summary: Homes in Marianna had an average of 50 days on market in Oct 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marianna are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Marianna; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.