Is Hernando County, 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, Hernando County has remained a Seller's Market.
Housing Prices in Hernando County, FL
How much do homes in Hernando County, FL cost?
Median Sold Price
$319,987
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hernando County was $319,987 in May 2024, up 1.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $116K | -3.3% |
2 Bedrooms | $241.9K | $246.6K | +1.9% |
3 Bedrooms | $325.2K | $327.7K | +0.8% |
4 Bedrooms | $371.8K | $364.9K | -1.9% |
5+ Bedrooms | $434.5K | $463K | +6.6% |
Summary: Hernando County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Hernando County | $315K | $319.9K | +1.6% |
Pasco County | $329.6K | $331K | 0.4% |
Citrus County | $279.8K | $278.5K | -0.4% |
Sumter County | $359.9K | $355.9K | -1.1% |
Housing Supply in Hernando County, FL
How many homes are available in Hernando County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,700 | 2,772 | +2.7% |
Summary: The Hernando County real estate market had 2,772 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 10 | -28.6% |
2 Bedrooms | 609 | 618 | +1.5% |
3 Bedrooms | 1,307 | 1,338 | +2.4% |
4 Bedrooms | 670 | 694 | +3.6% |
5+ Bedrooms | 100 | 112 | +12.0% |
Summary: The Hernando County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
552 | 522 | -5.4% |
Asking Price vs. Sold Price
314 Homes Were Sold
Under Asking
141 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Summary: A total of 522 homes were sold or pending in Hernando County in May 2024, down by 5.4% month-over-month. Of the 522 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Hernando County, FL
How long does it take to sell a home in Hernando County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 53 Days | +19.2% |
Summary: Homes in Hernando County had an average of 53 days on market in May 2024, up by 19.2% compared to last year.
Breakdown of Home Sale Times
259 Homes Were Sold
Under 30 Days
156 Homes Were Sold
In 30 - 90 Days
107 Homes Were Sold
Over 90 Days
Summary: During May 2024, 522 homes were sold in Hernando County; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.