Is Hernando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hernando was a Seller's Market.
Housing Prices in Hernando, FL
How much do homes in Hernando, FL cost?
Median Sold Price
$335,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hernando was $335,000 in May 2024, down 3.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $164.5K | +311.3% |
2 Bedrooms | $233K | $189.5K | -18.7% |
3 Bedrooms | $400K | $350K | -12.5% |
4 Bedrooms | $330K | $467K | +41.5% |
5+ Bedrooms | $477.2K | $625K | +31.0% |
Summary: Hernando housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 311.3%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 41.5%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Cities
Beverly Hills | $238.9K | $279.4K | +16.9% |
Hernando | $346.8K | $335K | -3.4% |
Lecanto | $312K | $290K | -7.1% |
Lake Panasoffkee | $245K | $159K | -35.1% |
Housing Supply in Hernando, FL
How many homes are available in Hernando, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 85 | +3.7% |
Summary: The Hernando real estate market had 85 homes for sale in May 2024, a 3.7% 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 | 18 | 22 | +22.2% |
3 Bedrooms | 47 | 48 | +2.1% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hernando 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 increased by 22.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hernando in May 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 74 Days | +254.9% |
Summary: Homes in Hernando had an average of 74 days on market in May 2024, up by 254.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 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.