Is Hernando County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hernando County is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Hernando County was a Seller's Market.

Key Takeaway

Hernando County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$9,086(+2.9%)

Key Takeaway

Homes in Hernando County have sold for 2.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $121.2K$115K
-5.2%
2 $238.6K$245.3K
+2.8%
3 $324.9K$325K
0.0%
4 $370.1K$367.5K
-0.7%
5+ $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
+2.9%
Pasco County
0.3%
Citrus County
-3.6%
Sumter County
-4.1%

Housing Supply in Hernando County, FL

How many homes are available in Hernando County, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,2652,568+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

# BEDSJan 2024Feb 2024CHANGE
1 1415
+7.1%
2 520605
+16.3%
3 1,1151,272
+14.1%
4 549591
+7.7%
5+ 6785
+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 2024Feb 2024CHANGE
299402+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hernando County, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
51 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hernando County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Hernando County, FL

Nearby Markets to Hernando County, FL

What housing markets are near Hernando County, FL?