$2,292 Closing Credit*
$193,000
1,954 SqFt
3 Beds
•2 Full Baths
Joanna Browning, Listing Office: MAINFRAME REAL ESTATE
Is Marion 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, 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
$279,990
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,946(+2.2%)
Key Takeaway
Homes in Marion County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Marion County was $279,990 in November 2024, up 2.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $114.5K | +4.1% |
| 2 Bedrooms | $219.9K | $217.8K | -0.9% |
| 3 Bedrooms | $265K | $267.1K | +0.8% |
| 4 Bedrooms | $323.8K | $319.9K | -1.2% |
| 5+ Bedrooms | $396K | $368K | -7.1% |
Summary: Marion County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Counties
| Levy County | $249.9K | $269.7K | +7.9% |
| Alachua County | $315.3K | $325.1K | +3.1% |
| Citrus County | $278.9K | $286.3K | +2.7% |
| Marion County | $274K | $279.9K | +2.2% |
| Putnam County | $239.7K | $238.6K | -0.5% |
Housing Supply in Marion County, FL
How many homes are available in Marion County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,514 | 4,575 | +1.4% |
Summary: The Marion County real estate market had 4,575 homes for sale in November 2024, a 1.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 938 | 933 | -0.5% |
| 3 Bedrooms | 2,320 | 2,366 | +2.0% |
| 4 Bedrooms | 1,099 | 1,111 | +1.1% |
| 5+ Bedrooms | 135 | 144 | +6.7% |
Summary: The Marion County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 682 | 600 | -12.0% |
Asking Price vs. Sold Price
336 Homes Were Sold
Under Asking
197 Homes Were Sold
At Asking
67 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. 56% of homes here sold below asking price last month.
Summary: A total of 600 homes were sold or pending in Marion County in November 2024, down by 12.0% month-over-month. Of the 600 sold homes, 56% were sold under asking, 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 63 Days | +30.2% |
Summary: Homes in Marion County had an average of 63 days on market in Nov 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
237 Homes Were Sold
Under 30 Days
207 Homes Were Sold
In 30 - 90 Days
155 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 November 2024, 600 homes were sold in Marion County; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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