Is Summerfield, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summerfield is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Summerfield has remained a Seller's Market.

Key Takeaway

Summerfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Summerfield, FL cost?

Median Sold Price

$238,575

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$32,241(+15.6%)

Key Takeaway

Homes in Summerfield have sold for 15.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $190K-
N/A
2 $187.6K$219.6K
+17.1%
3 $220.1K$249.9K
+13.6%
4 $244.9K$275K
+12.3%
5+ $199K$338.7K
+70.2%

Median Sold Price Compared To Nearby Cities

Oxford
+16.8%
Summerfield
+15.6%
Lady Lake
+14.3%
The Villages
+9.8%

How many homes are available in Summerfield, FL?

Number of Homes For Sale

Nov 2021Dec 2021%
260230-11.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 9287
-5.4%
3 152130
-14.5%
4 1310
-23.1%
5+ 33
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
7071+1.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerfield, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
40 Days17 Days-56.1%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Summerfield, FL

Summerfield, FL has 230 homes on the market. The number of listings in Summerfield, FL decreased by 11.5% between November 2021 and December 2021. The median list price of listings available in December 2021 was $238,575, while the average time on the real estate market was 17 days. Listing prices have changed in this real estate market between November 2021 and December 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 17.1%, 3 bedrooms properties became 13.6% more expensive, 4 bedrooms properties prices increased by 12.3%, 5 bedrooms properties became 70.2% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 5.4%, 3 bedrooms homes became 14.5% less available, number of 4 bedrooms homes decreased by 23.1%, 5 bedrooms homes did not move. In December 2021 more than 28 listings in Summerfield, FL were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 24 were sold below.

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