Is Marathon, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marathon has remained a Buyer's Market.
Housing Prices in Marathon, FL
How much do homes in Marathon, FL cost?
Median Sold Price
$1,001,500
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marathon was $1,001,500 in May 2024, down 67.2% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $622K | - | N/A |
2 Bedrooms | - | $719K | N/A |
3 Bedrooms | - | $765K | N/A |
4 Bedrooms | $4.1M | $1.8M | -56.1% |
5+ Bedrooms | $3.3M | $2.7M | -17.5% |
Summary: Marathon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 56.1%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in Marathon, FL
How many homes are available in Marathon, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 43 | +10.3% |
Summary: The Marathon real estate market had 43 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Marathon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Marathon in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marathon, FL
How long does it take to sell a home in Marathon, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 75 Days | +1150.0% |
Summary: Homes in Marathon had an average of 75 days on market in May 2024, up by 1150% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Marathon; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.