Is Hernando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hernando was a Seller's Market.
Housing Prices in Hernando, FL
How much do homes in Hernando, FL cost?
Median Sold Price
$330,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hernando was $330,000 in April 2024, down 13.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $164.5K | +311.3% |
2 Bedrooms | $243.5K | $189K | -22.4% |
3 Bedrooms | $405K | $350K | -13.6% |
4 Bedrooms | $405K | $442.5K | +9.3% |
5+ Bedrooms | $477.2K | $417.5K | -12.5% |
Summary: Hernando housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 311.3%, 2 bedroom homes decreased by 22.4%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
Beverly Hills | $230.8K | $279K | +20.9% |
Lecanto | $329.2K | $290K | -11.9% |
Hernando | $383K | $330K | -13.8% |
Lake Panasoffkee | $250K | $157K | -37.2% |
Housing Supply in Hernando, FL
How many homes are available in Hernando, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 91 | -4.2% |
Summary: The Hernando real estate market had 91 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 51 | 47 | -7.8% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hernando housing inventory by bedroom type for April 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 7.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Hernando in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Hernando, FL
How long does it take to sell a home in Hernando, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 63 Days | +43.8% |
Summary: Homes in Hernando had an average of 63 days on market in Apr 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Hernando; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.