Is Hernando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hernando was a Seller's Market.
Key Takeaway
Hernando is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hernando, FL
How much do homes in Hernando, FL cost?
Median Sold Price
$330,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hernando have sold for 13.8% less than they did a year ago.
Summary: The median home sold price in Hernando was $330,000 in March 2024, down 13.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $164.5K | +311.3% |
| 2 Bedrooms | $243.5K | $199.7K | -18.0% |
| 3 Bedrooms | $400K | $345K | -13.8% |
| 4 Bedrooms | $405K | $450K | +11.1% |
| 5+ Bedrooms | $477.2K | $417.5K | -12.5% |
Summary: Hernando housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 311.3%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Beverly Hills | $229.2K | $279.9K | +22.1% |
| Lecanto | $335K | $290K | -13.4% |
| Hernando | $383K | $330K | -13.8% |
| Lake Panasoffkee | $252.5K | $150K | -40.6% |
Housing Supply in Hernando, FL
How many homes are available in Hernando, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 107 | -0.9% |
Summary: The Hernando real estate market had 107 homes for sale in March 2024, a 0.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 60 | 58 | -3.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hernando housing inventory by bedroom type for March 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 3.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hernando, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Hernando in March 2024, down by 12.5% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 97 Days | +53.5% |
Summary: Homes in Hernando had an average of 97 days on market in Mar 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hernando are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 14 homes were sold in Hernando; 14% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.