$7,303 Closing Credit*
$615,000
2,648 SqFt
4 Beds
•3 Full Baths
Oscar Villaverde, Listing Office: COLDWELL BANKER RIVERLAND RLTY
Is Hernando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$340,000
$184/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Hernando has remained the same since last year.
Summary: The median home sold price in Hernando was $340,000 in October 2024, the same as last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.5K | - | N/A |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $375K | $364.9K | -2.7% |
| 4 Bedrooms | $405K | $484K | +19.5% |
| 5+ Bedrooms | $603.6K | $376K | -37.7% |
Summary: Hernando housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes decreased by 37.7%.
Median Sold Price Compared To Nearby Cities
| Lake Panasoffkee | $160K | $212K | +32.5% |
| Beverly Hills | $262K | $279.9K | +6.9% |
| Lecanto | $292.7K | $297K | +1.4% |
| Hernando | $340K | $340K | 0.0% |
Housing Supply in Hernando, FL
How many homes are available in Hernando, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Summary: The Hernando real estate market had 81 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 46 | 54 | +17.4% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hernando housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hernando, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hernando in October 2024, down by 53.8% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 65 Days | +79.0% |
Summary: Homes in Hernando had an average of 65 days on market in Oct 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hernando are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Hernando; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site. 
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.