Is Sumter County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sumter County has remained a Seller's Market.
Key Takeaway
Sumter County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumter County, FL
How much do homes in Sumter County, FL cost?
Median Sold Price
$350,660
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sumter County have sold for 4.2% less than they did a year ago.
Summary: The median home sold price in Sumter County was $350,660 in March 2024, down 4.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $175.5K | +40.4% |
| 2 Bedrooms | $308.3K | $290K | -6.0% |
| 3 Bedrooms | $406.1K | $394.2K | -2.9% |
| 4 Bedrooms | $425K | $376.4K | -11.4% |
| 5+ Bedrooms | $750K | $350.4K | -53.3% |
Summary: Sumter County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 53.3%.
Median Sold Price Compared To Nearby Counties
| Hernando County | $314.9K | $319.9K | +1.6% |
| Marion County | $274.5K | $274.1K | -0.1% |
| Lake County | $371.7K | $367.6K | -1.1% |
| Citrus County | $283.3K | $275.9K | -2.6% |
| Sumter County | $365.9K | $350.6K | -4.2% |
Housing Supply in Sumter County, FL
How many homes are available in Sumter County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 838 | 858 | +2.4% |
Summary: The Sumter County real estate market had 858 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 222 | 239 | +7.7% |
| 3 Bedrooms | 527 | 530 | +0.6% |
| 4 Bedrooms | 67 | 65 | -3.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Sumter County 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 7.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 159 | 186 | +17.0% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumter County, you may be able to get a good deal. 74.7% of homes here sold below asking price last month.
Summary: A total of 186 homes were sold or pending in Sumter County in March 2024, up by 17.0% month-over-month. Of the 186 sold homes, 75% were sold under asking, 16% were sold at asking, and 10% were sold over asking.
Days on Market for Sumter County, FL
How long does it take to sell a home in Sumter County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 50 Days | -28.6% |
Summary: Homes in Sumter County had an average of 50 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumter County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 186 homes were sold in Sumter County; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% 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.
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.
© 2024 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.