Is Spring Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Spring Hill has remained a Seller's Market.
Key Takeaway
Spring Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Hill, FL
How much do homes in Spring Hill, FL cost?
Median Sold Price
$316,820
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spring Hill have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Spring Hill was $316,820 in March 2024, up 2.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $116K | +0.9% |
| 2 Bedrooms | $242.7K | $245K | +0.9% |
| 3 Bedrooms | $324.9K | $324.9K | 0.0% |
| 4 Bedrooms | $365.1K | $360.8K | -1.2% |
| 5+ Bedrooms | $425K | $480K | +12.9% |
Summary: Spring Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Hernando Beach | $387K | $428K | +10.6% |
| Weeki Wachee | $330.8K | $350K | +5.8% |
| Spring Hill | $310K | $316.8K | +2.2% |
| Brooksville | $313.4K | $295.1K | -5.8% |
| Homosassa | $348.2K | $320K | -8.1% |
Housing Supply in Spring Hill, FL
How many homes are available in Spring Hill, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,993 | 2,060 | +3.4% |
Summary: The Spring Hill real estate market had 2,060 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 470 | 516 | +9.8% |
| 3 Bedrooms | 938 | 942 | 0.4% |
| 4 Bedrooms | 524 | 527 | +0.6% |
| 5+ Bedrooms | 51 | 65 | +27.5% |
Summary: The Spring Hill 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 increased by 9.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 27.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 369 | 431 | +16.8% |
Asking Price vs. Sold Price
238 Homes Were Sold
Under Asking
130 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hill, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 431 homes were sold or pending in Spring Hill in March 2024, up by 16.8% month-over-month. Of the 431 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Spring Hill, FL
How long does it take to sell a home in Spring Hill, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 46 Days | -12.3% |
Summary: Homes in Spring Hill had an average of 46 days on market in Mar 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
209 Homes Were Sold
Under 30 Days
145 Homes Were Sold
In 30 - 90 Days
77 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 431 homes were sold in Spring Hill; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 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.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.