Is Summerfield, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$274,623
$180/sqft
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $244K | N/A |
| 2 Bedrooms | $263.6K | $259.9K | -1.4% |
| 3 Bedrooms | $288.1K | $279.5K | -3.0% |
| 4 Bedrooms | $324.6K | $302.5K | -6.8% |
| 5+ Bedrooms | $1.8M | $318.7K | -82.9% |
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 | $295K | $310K | +5.1% |
| The Villages | $363.5K | $377.8K | +3.9% |
| Fruitland Park-Lady Lake | $305K | $299.9K | -1.6% |
| Summerfield | $279.5K | $274.6K | -1.8% |
Housing Supply
How many homes are available in Summerfield, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 353 | 308 | -12.7% |
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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 108 | 105 | -2.8% |
| 3 Bedrooms | 214 | 172 | -19.6% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 96 | 82 | -14.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 27 Days | 57 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
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2023 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.
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.
© 2023 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 2023 BeachesMLS, Inc.