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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hernando Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Hernando Beach was a Neutral Market.

Key Takeaway

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

Housing Prices in Hernando Beach, FL

How much do homes in Hernando Beach, FL cost?

Median Sold Price

$419,666

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,944(+2.4%)

Key Takeaway

Homes in Hernando Beach have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Hernando Beach was $419,666 in November 2024, up 2.4% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$210K
-35.4%
2 $265K$310K
+17.0%
3 $445K$435K
-2.2%
4 $550K$565K
+2.7%
5+ $660K$937.5K
+42.0%

Summary: Hernando Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 42%.

Median Sold Price Compared To Nearby Cities

Weeki Wachee
+6.2%
Hernando Beach
+2.4%
Spring Hill
+2.1%
Homosassa
0.0%

Housing Supply in Hernando Beach, FL

How many homes are available in Hernando Beach, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
279318+14.0%

Summary: The Hernando Beach real estate market had 318 homes for sale in November 2024, a 14.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 7679
+3.9%
3 147171
+16.3%
4 4146
+12.2%
5+ 1116
+45.5%

Summary: The Hernando Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3127-12.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hernando Beach, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Hernando Beach in November 2024, down by 12.9% month-over-month. Of the 27 sold homes, 78% were sold under asking, 7% were sold at asking, and 15% were sold over asking.

Days on Market for Hernando Beach, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days80 Days+229.8%

Summary: Homes in Hernando Beach had an average of 80 days on market in Nov 2024, up by 229.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hernando Beach are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Hernando Beach; 22% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% 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 17 Days Ago

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