Is Hernando Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
Since last year, Hernando Beach has remained a Seller's Market.
Key Takeaway
Hernando Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Hernando Beach, FL cost?
Median Sold Price
$418,750
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Key Takeaway
Homes in Hernando Beach have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Hernando Beach was $418,750 in September 2023, up 11.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $580K | +91.7% |
| 2 Bedrooms | $285.1K | $265K | -7.1% |
| 3 Bedrooms | $384K | $470K | +22.4% |
| 4 Bedrooms | $482.5K | $559.5K | +16.0% |
| 5+ Bedrooms | $644K | $668K | +3.7% |
Summary: Hernando Beach housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes increased by 91.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Hernando Beach | $375.2K | $418.7K | +11.6% |
| Spring Hill | $295K | $310.8K | +5.4% |
| Weeki Wachee | $337.7K | $348K | +3.0% |
| Homosassa | $328.1K | $326.9K | -0.3% |
Housing Supply
How many homes are available in Hernando Beach, FL?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 238 | 268 | +12.6% |
Summary: The Hernando Beach real estate market had 268 homes for sale in September 2023, a 12.6% increase compared to August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 63 | 72 | +14.3% |
| 3 Bedrooms | 123 | 139 | +13.0% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Hernando Beach housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 42 | 53 | +26.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hernando Beach, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Hernando Beach in September 2023, up by 26.2% month-over-month. Of the 53 sold homes, 55% were sold under asking, 40% were sold at asking, and 6% were sold over asking.
Days on Market
How long does it take to sell a home in Hernando Beach, FL?
Average Sale Time
| Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 27 Days | 49 Days | +80.3% |
Summary: Homes in Hernando Beach had an average of 49 days on market in Sep 2023, up by 80.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hernando Beach are selling fast, if you're buying plan to act quickly.
Summary: During September 2023, 53 homes were sold in Hernando Beach; 49% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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