Is Sumterville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Sumterville was a Seller's Market.
Housing Prices in Sumterville, FL
How much do homes in Sumterville, FL cost?
Median Sold Price
$400,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sumterville was $400,000 in May 2024, up 11.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.5K | $273.9K | +2.4% |
2 Bedrooms | $305K | $310K | +1.6% |
3 Bedrooms | $383.2K | $410K | +7.0% |
4 Bedrooms | $562.5K | $362.5K | -35.6% |
5+ Bedrooms | $1.5M | $770K | -48.7% |
Summary: Sumterville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 35.6%, and 5+ bedroom homes decreased by 48.7%.
Median Sold Price Compared To Nearby Cities
Sumterville | $360K | $400K | +11.1% |
Wildwood | $310.1K | $323.1K | +4.2% |
Leesburg | $294.6K | $300K | +1.8% |
Howey-in-the-Hills-Okahumpka | $331.3K | $328K | -1.0% |
Coleman | $310.8K | $192.5K | -38.1% |
Housing Supply in Sumterville, FL
How many homes are available in Sumterville, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Sumterville real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumterville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Sumterville in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Sumterville, FL
How long does it take to sell a home in Sumterville, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 106 Days | +241.5% |
Summary: Homes in Sumterville had an average of 106 days on market in May 2024, up by 241.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Sumterville; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.