Marathon Florida Real Estate Market Trends

Marathon Florida Real Estate Market Trends October 2024

In 2024, the property market in Marathon, Florida is doing well and growing, even with changes in the economy.

Market Overview and Trends

The Marathon Florida Keys real estate market has done well for the last ten years.

The area’s home values have increased 175% over the last 10 years. That’s about 10.65% each year.

Even amid broader national downturns, Marathon has maintained its status as a strong real estate market​

Recent data shows that home prices have kept going up.

As of mid-2024, the average home price in Marathon, Florida, is over $1 million. This is due to its great location and high demand for waterfront homes.

This includes places where people live and vacation homes. Fancy homes and investment properties are also important.

Last year, home prices went up by 1.8%.

Recent data shows prices are going up faster than in other places.

This makes Marathon a good choice for investors and people looking to buy homes for a long time.

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Marathon Florida Real Estate: Is it a Buyer’s or Seller’s Market?

As of 2024, Marathon Florida Homes leans toward being a seller’s market. This means there is more demand than supply, resulting in upward pressure on home prices. The number of homes for sale has not kept pace with demand, particularly for waterfront properties and luxury homes.

Buyers from big cities like New York, Washington D.C., and Boston are still looking for homes in Marathon. They like the warm weather, easygoing way of life, and chances for outdoor activities.

This means sellers are still in control, but buyers can find good chances if they act fast and make strong offers.

However, buyers should be prepared for high price tags, especially for waterfront properties in neighborhoods like Coco Plum. The median home price in the area reflects this, with some homes listing well above $1.5 million.

Many buyers keep coming, which supports the seller's market. New residents want vacation homes and are ready to spend on expensive properties.

Marathon is a great place to buy property, especially for people who want to invest in waterfront homes. In 2024, Marathon is expected to be a seller's market. There is strong demand from local and non-local buyers, house prices are rising.

Marathon Florida Real Estate for Sale: Browse the Coco Plum Real Estate website.

The strong market is good for investors and buyers. They can make money over time.