Is Summerfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Summerfield was a Seller's Market.
Key Takeaway
Summerfield 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 Summerfield, FL
How much do homes in Summerfield, FL cost?
Median Sold Price
$271,704
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Summerfield have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Summerfield was $271,704 in March 2024, down 5.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244K | - | N/A |
| 2 Bedrooms | $271.8K | $255K | -6.2% |
| 3 Bedrooms | $292.1K | $273.6K | -6.3% |
| 4 Bedrooms | $313.7K | $319.2K | +1.8% |
| 5+ Bedrooms | $366.8K | $300K | -18.2% |
Summary: Summerfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 18.2%.
Median Sold Price Compared To Nearby Cities
| The Villages | $389.9K | $378.6K | -2.9% |
| Lady Lake | $320K | $305.1K | -4.6% |
| Summerfield | $287.4K | $271.7K | -5.5% |
| Fruitland Park-Lady Lake | $320K | $288.1K | -10.0% |
| Weirsdale | $555K | $327.5K | -41.0% |
Housing Supply in Summerfield, FL
How many homes are available in Summerfield, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 440 | 448 | +1.8% |
Summary: The Summerfield real estate market had 448 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 149 | 156 | +4.7% |
| 3 Bedrooms | 240 | 240 | 0.0% |
| 4 Bedrooms | 41 | 43 | +4.9% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Summerfield 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 4.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 73 | -3.9% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summerfield, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Summerfield in March 2024, down by 3.9% month-over-month. Of the 73 sold homes, 49% were sold under asking, 36% were sold at asking, and 15% were sold over asking.
Days on Market for Summerfield, FL
How long does it take to sell a home in Summerfield, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 52 Days | -3.2% |
Summary: Homes in Summerfield had an average of 52 days on market in Mar 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerfield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 73 homes were sold in Summerfield; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% 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.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.