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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hernando County is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Hernando County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hernando County, FL

How much do homes in Hernando County, FL cost?

Median Sold Price

$324,999

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,770(+3.1%)

Key Takeaway

Homes in Hernando County have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Hernando County was $324,999 in October 2024, up 3.1% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130.6K$120.5K
-7.8%
2 $244.9K$248.5K
+1.5%
3 $324.5K$329.7K
+1.6%
4 $364.9K$360K
-1.3%
5+ $459K$381.9K
-16.8%

Summary: Hernando County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 16.8%.

Median Sold Price Compared To Nearby Counties

Pasco County
+3.6%
Hernando County
+3.1%
Citrus County
+3.0%
Sumter County
+1.9%

Housing Supply in Hernando County, FL

How many homes are available in Hernando County, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2,5122,5200.3%

Summary: The Hernando County real estate market had 2,520 homes for sale in October 2024, a 0.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1212
0.0%
2 556552
-0.7%
3 1,2211,234
+1.1%
4 623614
-1.4%
5+ 100108
+8.0%

Summary: The Hernando County 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 0.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
414402-2.9%

Asking Price vs. Sold Price

220 Homes Were Sold
Under Asking

115 Homes Were Sold
At Asking

67 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hernando County, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.

Summary: A total of 402 homes were sold or pending in Hernando County in October 2024, down by 2.9% month-over-month. Of the 402 sold homes, 55% were sold under asking, 29% were sold at asking, and 17% were sold over asking.

Days on Market for Hernando County, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days47 Days+35.3%

Summary: Homes in Hernando County had an average of 47 days on market in Oct 2024, up by 35.3% compared to last year.

Breakdown of Home Sale Times

211 Homes Were Sold
Under 30 Days

122 Homes Were Sold
In 30 - 90 Days

69 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 402 homes were sold in Hernando County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Hernando County, FL

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