$2,613 Closing Credit*
$220,000
1,062 SqFt
2 Beds
•2 Full Baths
Mark Lyon, Listing Office: KELLER WILLIAMS CORNERSTONE RE
Is Ocala Palms, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ocala Palms was a Neutral Market.
Key Takeaway
Ocala Palms is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocala Palms, FL
How much do homes in Ocala Palms, FL cost?
Median Sold Price
$240,000
$161/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$94,500(-28.3%)
Key Takeaway
Homes in Ocala Palms have sold for 28.3% less than they did a month ago.
Summary: The median home sold price in Ocala Palms was $240,000 in October 2024, down 28.3% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $274.5K | $240K | -12.6% |
| 3 Bedrooms | $355K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ocala Palms housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Ocala Palms, FL
How many homes are available in Ocala Palms, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 43 | +2.4% |
Summary: The Ocala Palms real estate market had 43 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ocala Palms housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ocala Palms, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ocala Palms in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Ocala Palms, FL
How long does it take to sell a home in Ocala Palms, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 Days | 49 Days | -60.5% |
Summary: Homes in Ocala Palms had an average of 49 days on market in Oct 2024, down by 60.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ocala Palms are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Ocala Palms; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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