$4,216 Closing Credit*
$355,000
1,392 SqFt
3 Beds
•2 Full Baths
Sally Love, Listing Office: NEXTHOME SALLY LOVE REAL ESTATE
Is Sumter County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$360,048
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,870(+1.9%)
Key Takeaway
Homes in Sumter County have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Sumter County was $360,048 in October 2024, up 1.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.7K | $175K | +4.4% |
| 2 Bedrooms | $293.7K | $290K | -1.3% |
| 3 Bedrooms | $390K | $400K | +2.6% |
| 4 Bedrooms | $377.9K | $422.5K | +11.8% |
| 5+ Bedrooms | $350.4K | $362.4K | +3.4% |
Summary: Sumter County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Hernando County | $315.2K | $324.9K | +3.1% |
| Citrus County | $274.2K | $282.5K | +3.0% |
| Lake County | $366.8K | $375.1K | +2.3% |
| Marion County | $273.2K | $279.4K | +2.3% |
| Sumter County | $353.1K | $360K | +1.9% |
Housing Supply in Sumter County, FL
How many homes are available in Sumter County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 872 | 867 | -0.6% |
Summary: The Sumter County real estate market had 867 homes for sale in October 2024, a 0.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 215 | 205 | -4.7% |
| 3 Bedrooms | 565 | 572 | +1.2% |
| 4 Bedrooms | 71 | 73 | +2.8% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Sumter County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 124 | -6.8% |
Asking Price vs. Sold Price
91 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. 73.4% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Sumter County in October 2024, down by 6.8% month-over-month. Of the 124 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 60 Days | +20.9% |
Summary: Homes in Sumter County had an average of 60 days on market in Oct 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumter County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 124 homes were sold in Sumter County; 41% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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