Single family and condo/townhouse median sales prices continue to rise

realtor.com lists the apartment for sale and pending at $94,900. 2 bed, 1 bath, 891 sqft 1416 SE 27th St. Apt H, Ocala, FL 34471 [Bruce Ackerman/Ocala Gazette]

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Posted March 4, 2022 | By Ocala Gazette Staff

According to a recently released report by Florida Realtors Association, the statewide median single-family sales price for homes in January rose another month to $375,000, up from $305,000 the previous year. Townhouses and condo median sale prices statewide rose to $285,000 up from $230,000 the previous year.

Cash sales for single family homes statewide continued to be high at 33.2%, suggesting high investor activity according to the economists cited in the association’s report. Cash sales can often be a sign investors are participating in the market as they are more likely to have funds to purchase a home up front, whereas typical homebuyers must seek financing.

In the same report, Ocala/Marion County’s December median sale price for single family homes was $254,450, up from $189,000 just a year before.

Out of the twenty-two metropolitan areas monitored in the association’s report, Ocala/Marion County median single family home price had the second highest percentage year over percentage increase at 34.6%, second only to Sebring in Highlands County at 36.1%.

The townhouse and condo market in the Ocala/Marion County also had a significant increase, with a median sales price of $170,000, up from $130,000 the previous year.

Here is how Ocala/Marion County’s median single family home prices compared to the other metropolitan areas in Florida:

Here are the median prices by metropolitan statistical area:
— Naples-Immokalee-Marco Island: $722,500
— Miami-Fort Lauderdale-West Palm Beach: $515,000
— North Port-Sarasota-Bradenton: $470,000
— Cape Coral-Fort Myers: $413,500
— Crestview-Fort Walton Beach-Destin: $410,000
— Orlando-Kissimmee-Sanford: $389,990
— Port St. Lucie: $375,000
— Tampa-St. Petersburg-Clearwater: $366,000
— Sebastian-Vero Beach: $355,500
— Punta Gorda: $353,000
— Jacksonville: $352,750
— The Villages: $352,500
— Panama City: $330,000
— Palm Bay-Melbourne-Titusville: $325,000
— Deltona-Daytona Beach-Ormond Beach: $320,000
— Lakeland-Winter Haven: $310,000
— Pensacola-Ferry Pass-Brent: $300,000
— Tallahassee: $299,500
— Gainesville: $295,000
— Homosassa Springs: $255,000
— Ocala: $254,450
— Sebring: $244,950