Is Summerfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Summerfield has remained a Seller's Market.
Housing Prices in Summerfield, FL
How much do homes in Summerfield, FL cost?
Median Sold Price
$269,989
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Summerfield was $269,989 in April 2024, down 6.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $244K | - | N/A |
2 Bedrooms | $273K | $253.8K | -7.0% |
3 Bedrooms | $291.6K | $272.5K | -6.5% |
4 Bedrooms | $314.4K | $316.7K | +0.7% |
5+ Bedrooms | $318.7K | $322.9K | +1.3% |
Summary: Summerfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Lady Lake | $317K | $309.5K | -2.3% |
The Villages | $389.3K | $379.9K | -2.4% |
Summerfield | $288.1K | $269.9K | -6.3% |
Fruitland Park-Lady Lake | $319.5K | $289.7K | -9.3% |
Weirsdale | $450K | $364.5K | -19.0% |
Housing Supply in Summerfield, FL
How many homes are available in Summerfield, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
445 | 441 | -0.9% |
Summary: The Summerfield real estate market had 441 homes for sale in April 2024, a 0.9% 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 | 153 | 157 | +2.6% |
3 Bedrooms | 239 | 246 | +2.9% |
4 Bedrooms | 45 | 32 | -28.9% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Summerfield 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 increased by 2.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 76 | 0.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Summerfield in April 2024, the same as the previous month. Of the 76 sold homes, 53% were sold under asking, 33% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 49 Days | -16.4% |
Summary: Homes in Summerfield had an average of 49 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 76 homes were sold in Summerfield; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.