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

Housing Market Conditions



Gauge showing Summerfield is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Summerfield, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Summerfield have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Summerfield was $274,623 in August 2023, down 1.8% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$244K
2 $263.6K$259.9K
3 $288.1K$279.5K
4 $324.6K$302.5K
5+ $1.8M$318.7K

Summary: Summerfield housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 82.9%.

Median Sold Price Compared To Nearby Cities

Lady Lake
The Villages
Fruitland Park-Lady Lake

Housing Supply

How many homes are available in Summerfield, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Summerfield real estate market had 308 homes for sale in August 2023, a 12.7% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 108105
3 214172
4 2525
5+ 66

Summary: The Summerfield housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerfield, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Summerfield in August 2023, down by 14.6% month-over-month. Of the 82 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market

How long does it take to sell a home in Summerfield, FL?

Average Sale Time

Aug 2022Aug 2023CHANGE
27 Days57 Days+105.2%

Summary: Homes in Summerfield had an average of 57 days on market in Aug 2023, up by 105.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

20 Homes Were 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.

Summary: During August 2023, 82 homes were sold in Summerfield; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% 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 30 Days Ago

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Nearby Markets

What housing markets are near Summerfield, FL?