In 2023, the real estate market in Citrus Springs, Florida, has been somewhat competitive, indicating a balanced interaction between buyers and sellers. This level of competitiveness is reflected in the pricing trends and the general demand for properties in the area. As of September 2023, the median listing home price in Citrus Springs was $289.9K, showing an upward trend with a 3.6% increase compared to the previous year. The median listing price per square foot was $181, offering insight into the relative value of properties in terms of size and location within the area.
Meanwhile, in Citrus County, which includes Citrus Springs, the real estate market trends were slightly different. The median listing home price in the county as of September 2023 was higher at $329.9K, indicating a 4.7% increase year-over-year, with a median listing price per square foot of $194. The variation in home prices by bedroom type in October 2023 showed a diverse trend: while the prices for one-bedroom and two-bedroom homes increased by 5.1% and 1.7% respectively, three-bedroom and four-bedroom homes saw a decrease in prices. Homes with five or more bedrooms experienced a marginal increase in prices. These trends highlight a market where different types of properties are appreciating or depreciating differently, influenced by the specific demands and conditions of the Citrus Springs and broader Citrus County real estate markets.