Home costs continue to rise across the state and Marion County

This house at 817 SE 12th Street in Ocala, Fla. is listed for sale by Roberts Real Estate for $350,000 as shown in Ocala, Fla. on Tuesday, Jan. 4, 2022. [Bruce Ackerman/Ocala Gazette] 2022.

According to a report recently released by Florida Realtors Association, the statewide median single-family sales price for homes in December rose another month to $373,990, up 21 percent from the previous year.

The statewide, end of the year median single-family house was $348,000, a 20 percent increase over the year before with 29.9 percent of the sales closed as cash sales.

Cash sales for 2021 for single family homes statewide increased by more than 53 percent. According to the economists note in the report, cash sales can often be a sign that investors are participating in the market since they are more likely to have funds to purchase a home up front, whereas typical homebuyers must seek some time of financing.

In the same report, Ocala/Marion County’s December median sale price for single family homes continued its creep up to $258,000, up from $196,000 just a year before. The townhouse and condo market in the Ocala/Marion County also had a significant increase, with a median sales price of $165,000, up from $125,000 the previous year.

The end of the year median sales price for a single-family home in Ocala/Marion County was $230,000, up from $185,000 the year before.