Is East Marion, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Marion was a Seller's Market.
Housing Prices in East Marion, FL
How much do homes in East Marion, FL cost?
Median Sold Price
$165,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Marion was $165,000 in May 2024, down 5.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96.9K | $120K | +23.8% |
2 Bedrooms | $118.9K | $125K | +5.1% |
3 Bedrooms | $220K | $201.9K | -8.2% |
4 Bedrooms | $255.5K | $230K | -10.0% |
5+ Bedrooms | $450K | $347.5K | -22.8% |
Summary: East Marion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Cities
Fort Mc Coy | $168K | $185K | +10.1% |
Ocklawaha | $240K | $239.9K | 0% |
East Marion | $175K | $165K | -5.7% |
Fort McCoy-Anthony | $245.5K | $209.5K | -14.7% |
Silver Springs | $220K | $169K | -23.2% |
Housing Supply in East Marion, FL
How many homes are available in East Marion, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
121 | 101 | -16.5% |
Summary: The East Marion real estate market had 101 homes for sale in May 2024, a 16.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 32 | 27 | -15.6% |
3 Bedrooms | 64 | 47 | -26.6% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The East Marion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 26.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 16 | -36.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in East Marion in May 2024, down by 36.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for East Marion, FL
How long does it take to sell a home in East Marion, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 63 Days | -4.9% |
Summary: Homes in East Marion had an average of 63 days on market in May 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in East Marion; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.