Is Hernando, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hernando is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hernando was a Seller's Market.

Key Takeaway

Hernando is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hernando, FL

How much do homes in Hernando, FL cost?

Median Sold Price

$338,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,000(-2.0%)

Key Takeaway

Homes in Hernando have sold for 2% less than they did a year ago.

Summary: The median home sold price in Hernando was $338,000 in September 2024, down 2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $164.5K-
N/A
2 $200K$225K
+12.5%
3 $380K$364.9K
-4.0%
4 $403.9K$484K
+19.8%
5+ $477.2K$500.5K
+4.9%

Summary: Hernando housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Lake Panasoffkee
+21.9%
Beverly Hills
+6.3%
Lecanto
0.3%
Hernando
-2.0%

Housing Supply in Hernando, FL

How many homes are available in Hernando, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8775-13.8%

Summary: The Hernando real estate market had 75 homes for sale in September 2024, a 13.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2218
-18.2%
3 5445
-16.7%
4 66
0.0%
5+ 56
+20.0%

Summary: The Hernando housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hernando, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Hernando in September 2024, down by 44.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for Hernando, FL

How long does it take to sell a home in Hernando, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
31 Days77 Days+143.7%

Summary: Homes in Hernando had an average of 77 days on market in Sep 2024, up by 143.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hernando are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 10 homes were sold in Hernando; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Hernando, FL

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