Citrus County Real Estate Market: A Comprehensive Overview

The real estate landscape in Citrus County has experienced notable shifts over the past year, reflecting broader market dynamics and local developments.

In 2024, the county recorded 3,073 closed sales of single-family homes, marking a 4.9% decrease from the previous year. Despite this dip, the median sale price rose by 3.1% to $299,000, indicating sustained demand. The average sale price also saw an uptick of 4.4%, reaching $348,309. Notably, the time to contract extended to a median of 50 days, a significant 51.5% increase from 2023, suggesting a more deliberate pace in buyer decision-making. These figures underscore a market balancing between supply and demand.

Manufactured homes presented a more robust performance. Sales increased by 6%, totaling 635 units, with a median sale price climbing 3.3% to $167,190. This segment's resilience highlights its appeal among buyers seeking affordable housing options.

As of June 2025, the median sold price for homes in Citrus County stood at $284,839, with a median price per square foot of $178. This represents a slight 0.1% decrease from the previous year, indicating a stable pricing environment. The market has transitioned into a buyer's market, characterized by longer listing durations and increased inventory, providing prospective buyers with more options and negotiating power.

Several significant housing developments are underway to accommodate the county's growing population. At least ten major projects, including subdivisions and apartment complexes, are in progress in areas like Homosassa, Lecanto, and Crystal River. These developments aim to meet the rising demand for housing and contribute to the county's economic growth.

Looking ahead to 2026, the real estate market in Citrus County is expected to experience modest price increases. The availability of land at reasonable prices continues to attract investors and developers, particularly in areas like Citrus Springs and Dunnellon. New construction is on the rise, although challenges such as labor and material costs may influence the pace of development.

In summary, Citrus County's real estate market is navigating a period of adjustment, with stable prices, increased inventory, and ongoing development projects. These factors collectively contribute to a dynamic housing environment poised for sustainable growth in the coming years.