$17,000
0.18 Acres
Land
Listing Office: Citrus Home Finders
Is Hernando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hernando has remained a Buyer'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
$379,950
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,950(+5.5%)
Key Takeaway
Homes in Hernando have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Hernando was $379,950 in November 2024, up 5.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.5K | $145K | -11.9% |
| 2 Bedrooms | $244.5K | $225K | -8.0% |
| 3 Bedrooms | $380K | $407K | +7.1% |
| 4 Bedrooms | $450K | $490K | +8.9% |
| 5+ Bedrooms | $739.9K | $625K | -15.5% |
Summary: Hernando housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Lake Panasoffkee | $167.2K | $210K | +25.6% |
| Beverly Hills | $254.1K | $278.2K | +9.5% |
| Hernando | $360K | $379.9K | +5.5% |
| Lecanto | $330K | $333.9K | +1.2% |
Housing Supply in Hernando, FL
How many homes are available in Hernando, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 246 | 274 | +11.4% |
Summary: The Hernando real estate market had 274 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 65 | 64 | -1.5% |
| 3 Bedrooms | 152 | 178 | +17.1% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Hernando housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 23 | -23.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hernando, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Hernando in November 2024, down by 23.3% month-over-month. Of the 23 sold homes, 83% were sold under asking, 9% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 91 Days | +156.4% |
Summary: Homes in Hernando had an average of 91 days on market in Nov 2024, up by 156.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
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 November 2024, 23 homes were sold in Hernando; 39% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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