Is Howey-in-the-Hills-Okahumpka, 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, Howey-in-the-Hills-Okahumpka has remained a Seller's Market.
Housing Prices in Howey-in-the-Hills-Okahumpka, FL
How much do homes in Howey-in-the-Hills-Okahumpka, FL cost?
Median Sold Price
$328,020
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Howey-in-the-Hills-Okahumpka was $328,020 in May 2024, down 1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $83.7K | N/A |
2 Bedrooms | $280K | $275K | -1.8% |
3 Bedrooms | $347K | $330K | -4.9% |
4 Bedrooms | $439K | $415K | -5.5% |
5+ Bedrooms | $532.9K | $570K | +6.9% |
Summary: Howey-in-the-Hills-Okahumpka 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 decreased by 1.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Sumterville | $360K | $400K | +11.1% |
Howey-in-the-Hills | $392K | $418K | +6.6% |
Leesburg | $294.6K | $300K | +1.8% |
Groveland | $380K | $385.3K | +1.4% |
Howey-in-the-Hills-Okahumpka | $331.3K | $328K | -1.0% |
Housing Supply in Howey-in-the-Hills-Okahumpka, FL
How many homes are available in Howey-in-the-Hills-Okahumpka, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
265 | 272 | +2.6% |
Summary: The Howey-in-the-Hills-Okahumpka real estate market had 272 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 87 | 82 | -5.7% |
3 Bedrooms | 141 | 155 | +9.9% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Howey-in-the-Hills-Okahumpka 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 5.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 50 | -5.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Howey-in-the-Hills-Okahumpka in May 2024, down by 5.7% month-over-month. Of the 50 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.
Days on Market for Howey-in-the-Hills-Okahumpka, FL
How long does it take to sell a home in Howey-in-the-Hills-Okahumpka, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 70 Days | +16.2% |
Summary: Homes in Howey-in-the-Hills-Okahumpka had an average of 70 days on market in May 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Howey-in-the-Hills-Okahumpka; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.