$275,000
5.00 Acres
Land
Guy Williams Jr. LLC, Listing Office: RE/MAX PREMIER REALTY LADY LK
Is Sumter County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Sumter County was a Seller's Market.
Key Takeaway
Sumter County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sumter County, FL
How much do homes in Sumter County, FL cost?
Median Sold Price
$360,095
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$8,499(+2.4%)
Key Takeaway
Homes in Sumter County have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Sumter County was $360,095 in September 2024, up 2.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.4K | $176K | +10.4% |
| 2 Bedrooms | $295K | $290K | -1.7% |
| 3 Bedrooms | $389.9K | $400K | +2.6% |
| 4 Bedrooms | $381.1K | $400K | +4.9% |
| 5+ Bedrooms | $354.9K | $362.4K | +2.1% |
Summary: Sumter County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Citrus County | $275K | $284.5K | +3.4% |
| Hernando County | $315.2K | $324.9K | +3.1% |
| Sumter County | $351.5K | $360K | +2.4% |
| Marion County | $272.3K | $278.9K | +2.4% |
| Lake County | $367.9K | $374.9K | +1.9% |
Housing Supply in Sumter County, FL
How many homes are available in Sumter County, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 869 | 865 | -0.5% |
Summary: The Sumter County real estate market had 865 homes for sale in September 2024, a 0.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 218 | 216 | -0.9% |
| 3 Bedrooms | 567 | 556 | -1.9% |
| 4 Bedrooms | 62 | 71 | +14.5% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Sumter County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 147 | 122 | -17.0% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
6 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. 77% of homes here sold below asking price last month.
Summary: A total of 122 homes were sold or pending in Sumter County in September 2024, down by 17.0% month-over-month. Of the 122 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +10.2% |
Summary: Homes in Sumter County had an average of 57 days on market in Sep 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
24 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 September 2024, 122 homes were sold in Sumter County; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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