Is Spring Hill, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Hill is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Spring Hill, FL cost?

Median Sold Price

$304,927

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$61,954(+25.5%)

Key Takeaway

Homes in Spring Hill have sold for 25.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $88K$102.5K
+16.5%
2 $179.3K$235K
+31.1%
3 $254.9K$320K
+25.5%
4 $299.9K$362.4K
+20.8%
5+ $359.4K$428.9K
+19.3%

Median Sold Price Compared To Nearby Cities

Brooksville
+40.6%
Spring Hill
+25.5%
Homosassa
+24.5%
Hernando Beach
+14.7%

How many homes are available in Spring Hill, FL?

Number of Homes For Sale

Nov 2022Dec 2022%
1,6371,608-1.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 34
+33.3%
2 317318
0.3%
3 813797
-2.0%
4 456452
-0.9%
5+ 4837
-22.9%

Number of Homes Sold

Nov 2022Dec 2022%
311291-6.4%

Asking Price vs. Sold Price

171 Homes Were Sold
Under Asking

80 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Hill, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
14 Days36 Days+148.3%

Breakdown of Home Sale Times

173 Homes Were Sold
Under 30 Days

82 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Spring Hill, FL

Spring Hill, FL has 1,608 homes for sale to choose from. In December 2022 in Spring Hill, FL there were 1.8% less homes for sale than in November 2022. In December 2022, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $304,927. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties increased by 16.5%, 2 bedrooms properties prices increased by 31.1%, the cost of 3 bedrooms properties went up by 25.5%, the cost of 4 bedrooms properties went up by 20.8%, prices of 5 bedrooms properties went up by 19.3%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 33.3%, the quantity of 2 bedrooms homes went up by 0.3%, 3 bedrooms homes became 2% less available, 4 bedrooms homes became 0.9% less available, 5 bedrooms homes inventory decreased by 22.9%. In December 2022 more than 40 listings in Spring Hill, FL were sold above the asking price. During the same period more than 80 listings were sold at asking price, while more than 171 were sold below.

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