$4,260 Closing Credit*
$358,750
1,830 SqFt
3 Beds
•2 Full Baths
Crystal McCall, Listing Office: KELLER WILLIAMS CORNERSTONE RE
Is Marion County, 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, Marion County was a Seller's Market.
Key Takeaway
Marion County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marion County, FL
How much do homes in Marion County, FL cost?
Median Sold Price
$279,435
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,178(+2.3%)
Key Takeaway
Homes in Marion County have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Marion County was $279,435 in October 2024, up 2.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.2K | $126.5K | +11.7% |
| 2 Bedrooms | $217.4K | $219.8K | +1.1% |
| 3 Bedrooms | $265K | $265.8K | 0.3% |
| 4 Bedrooms | $324.9K | $318.7K | -1.9% |
| 5+ Bedrooms | $393K | $369.6K | -5.9% |
Summary: Marion County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Counties
| Levy County | $247K | $255K | +3.2% |
| Alachua County | $315.2K | $324.7K | +3.0% |
| Citrus County | $274.2K | $282.5K | +3.0% |
| Marion County | $273.2K | $279.4K | +2.3% |
| Putnam County | $239.9K | $236.7K | -1.4% |
Housing Supply in Marion County, FL
How many homes are available in Marion County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4,361 | 4,418 | +1.3% |
Summary: The Marion County real estate market had 4,418 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 19 | +26.7% |
| 2 Bedrooms | 907 | 930 | +2.5% |
| 3 Bedrooms | 2,258 | 2,280 | +1.0% |
| 4 Bedrooms | 1,044 | 1,063 | +1.8% |
| 5+ Bedrooms | 137 | 126 | -8.0% |
Summary: The Marion County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 692 | 622 | -10.1% |
Asking Price vs. Sold Price
355 Homes Were Sold
Under Asking
199 Homes Were Sold
At Asking
68 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 622 homes were sold or pending in Marion County in October 2024, down by 10.1% month-over-month. Of the 622 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 66 Days | +28.2% |
Summary: Homes in Marion County had an average of 66 days on market in Oct 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
242 Homes Were Sold
Under 30 Days
215 Homes Were Sold
In 30 - 90 Days
165 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 October 2024, 622 homes were sold in Marion County; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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