Is Spring Hill, 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, Spring Hill has remained a Seller's Market.
Housing Prices in Spring Hill, FL
How much do homes in Spring Hill, FL cost?
Median Sold Price
$319,092
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spring Hill was $319,092 in May 2024, up 2.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $120.5K | +3.0% |
2 Bedrooms | $243.7K | $248K | +1.7% |
3 Bedrooms | $324.9K | $325K | 0.0% |
4 Bedrooms | $364.9K | $360.2K | -1.3% |
5+ Bedrooms | $422.5K | $470K | +11.2% |
Summary: Spring Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
Hernando Beach | $399.5K | $422.5K | +5.7% |
Weeki Wachee | $342.6K | $355.4K | +3.7% |
Spring Hill | $311.6K | $319K | +2.4% |
Brooksville | $306.9K | $296.1K | -3.5% |
Homosassa | $343.5K | $320.9K | -6.6% |
Housing Supply in Spring Hill, FL
How many homes are available in Spring Hill, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,121 | 2,133 | +0.6% |
Summary: The Spring Hill real estate market had 2,133 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 5 | -50.0% |
2 Bedrooms | 473 | 464 | -1.9% |
3 Bedrooms | 985 | 1,000 | +1.5% |
4 Bedrooms | 573 | 573 | 0.0% |
5+ Bedrooms | 80 | 91 | +13.8% |
Summary: The Spring Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
469 | 430 | -8.3% |
Asking Price vs. Sold Price
250 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 430 homes were sold or pending in Spring Hill in May 2024, down by 8.3% month-over-month. Of the 430 sold homes, 58% were sold under asking, 28% were sold at asking, and 14% were sold over asking.
Days on Market for Spring Hill, FL
How long does it take to sell a home in Spring Hill, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 51 Days | +21.0% |
Summary: Homes in Spring Hill had an average of 51 days on market in May 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
214 Homes Were Sold
Under 30 Days
132 Homes Were Sold
In 30 - 90 Days
84 Homes Were Sold
Over 90 Days
Summary: During May 2024, 430 homes were sold in Spring Hill; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.