$4,038 Closing Credit*
$340,000
1,278 SqFt
2 Beds
•2 Full Baths
Debbie Schoonover, Listing Office: REALTY EXECUTIVES IN THE VILLAGES
Is Sumter County, 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, Sumter County was a Seller's Market.
Key Takeaway
Sumter 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 Sumter County, FL
How much do homes in Sumter County, FL cost?
Median Sold Price
$360,783
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,043(+2.6%)
Key Takeaway
Homes in Sumter County have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Sumter County was $360,783 in November 2024, up 2.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.2K | $179.9K | +14.4% |
| 2 Bedrooms | $294.3K | $289.9K | -1.5% |
| 3 Bedrooms | $389.9K | $400K | +2.6% |
| 4 Bedrooms | $379.9K | $422.5K | +11.2% |
| 5+ Bedrooms | $350.4K | $454.5K | +29.7% |
Summary: Sumter County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Counties
| Lake County | $366.6K | $376.9K | +2.8% |
| Citrus County | $278.9K | $286.3K | +2.7% |
| Sumter County | $351.7K | $360.7K | +2.6% |
| Hernando County | $320.1K | $327.7K | +2.4% |
| Marion County | $274K | $279.9K | +2.2% |
Housing Supply in Sumter County, FL
How many homes are available in Sumter County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 874 | 874 | 0.0% |
Summary: The Sumter County real estate market had 874 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 204 | 204 | 0.0% |
| 3 Bedrooms | 574 | 576 | 0.3% |
| 4 Bedrooms | 74 | 69 | -6.8% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Sumter County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 141 | +5.2% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumter County, you may be able to get a good deal. 76.6% of homes here sold below asking price last month.
Summary: A total of 141 homes were sold or pending in Sumter County in November 2024, up by 5.2% month-over-month. Of the 141 sold homes, 77% were sold under asking, 16% were sold at asking, and 7% were sold over asking.
Days on Market for Sumter County, FL
How long does it take to sell a home in Sumter County, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 68 Days | +25.5% |
Summary: Homes in Sumter County had an average of 68 days on market in Nov 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sumter County has remained consistent over time.
Summary: During November 2024, 141 homes were sold in Sumter County; 29% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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