$3,978 Closing Credit*
$335,000
1,055 SqFt
2 Beds
•2 Full Baths
Michael Cook, Listing Office: FINE PROPERTIES
Is Summerfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Summerfield was a Seller's Market.
Key Takeaway
Summerfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Summerfield, FL
How much do homes in Summerfield, FL cost?
Median Sold Price
$475,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+1.2%)
Key Takeaway
Homes in Summerfield have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Summerfield was $475,000 in November 2024, up 1.2% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306.2K | $275K | -10.2% |
| 3 Bedrooms | $477.5K | $474.5K | -0.6% |
| 4 Bedrooms | $620.5K | $605K | -2.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Summerfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Riverwalk | $600K | $655K | +9.2% |
| Lakewood Ranch | $623.9K | $641.4K | +2.8% |
| Greenbrook | $537.5K | $550K | +2.3% |
| Summerfield | $469.5K | $475K | +1.2% |
| Lakewood Ranch Country Club | $1.0M | $965K | -6.8% |
Housing Supply in Summerfield, FL
How many homes are available in Summerfield, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Summerfield real estate market had 19 homes for sale in November 2024, a 17.4% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerfield 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 Summerfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Summerfield in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Summerfield, FL
How long does it take to sell a home in Summerfield, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 112 Days | +243.6% |
Summary: Homes in Summerfield had an average of 112 days on market in Nov 2024, up by 243.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summerfield has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Summerfield; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.