Is Hernando County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hernando County was a Seller's Market.
Housing Prices in Hernando County, FL
How much do homes in Hernando County, FL cost?
Median Sold Price
$319,796
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hernando County was $319,796 in February 2024, up 2.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.2K | $115K | -5.2% |
2 Bedrooms | $238.6K | $245.3K | +2.8% |
3 Bedrooms | $324.9K | $325K | 0.0% |
4 Bedrooms | $370.1K | $367.5K | -0.7% |
5+ Bedrooms | $435K | $461K | +6.0% |
Summary: Hernando County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Counties
Hernando County | $310.7K | $319.7K | +2.9% |
Pasco County | $328.9K | $329.9K | 0.3% |
Citrus County | $285K | $274.6K | -3.6% |
Sumter County | $367.4K | $352.3K | -4.1% |
Housing Supply in Hernando County, FL
How many homes are available in Hernando County, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,265 | 2,568 | +13.4% |
Summary: The Hernando County real estate market had 2,568 homes for sale in February 2024, a 13.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 520 | 605 | +16.3% |
3 Bedrooms | 1,115 | 1,272 | +14.1% |
4 Bedrooms | 549 | 591 | +7.7% |
5+ Bedrooms | 67 | 85 | +26.9% |
Summary: The Hernando County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
299 | 402 | +34.4% |
Asking Price vs. Sold Price
262 Homes Were Sold
Under Asking
99 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 402 homes were sold or pending in Hernando County in February 2024, up by 34.4% month-over-month. Of the 402 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Hernando County, FL
How long does it take to sell a home in Hernando County, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 54 Days | +5.6% |
Summary: Homes in Hernando County had an average of 54 days on market in Feb 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
187 Homes Were Sold
Under 30 Days
123 Homes Were Sold
In 30 - 90 Days
92 Homes Were Sold
Over 90 Days
Summary: During February 2024, 402 homes were sold in Hernando County; 47% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.