Is Sumter County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumter County is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Sumter County was a Seller's Market.

Key Takeaway

Sumter County 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 Sumter County, FL

How much do homes in Sumter County, FL cost?

Median Sold Price

$359,290

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$771(+0.2%)

Key Takeaway

The sold price of homes in Sumter County has remained the same since last year.

Summary: The median home sold price in Sumter County was $359,290 in June 2024, up 0.2% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $189.7K$175.5K
-7.5%
2 $300K$290K
-3.3%
3 $394.5K$399.9K
+1.4%
4 $421.3K$385.9K
-8.4%
5+ $373.9K$375K
0.3%

Summary: Sumter County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Counties

Citrus County
+1.8%
Hernando County
+1.7%
Lake County
+1.6%
Marion County
+1.1%
Sumter County
0.2%

Housing Supply in Sumter County, FL

How many homes are available in Sumter County, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
848842-0.7%

Summary: The Sumter County real estate market had 842 homes for sale in June 2024, a 0.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 913
+44.4%
2 226218
-3.5%
3 545532
-2.4%
4 5972
+22.0%
5+ 97
-22.2%

Summary: The Sumter County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

May 2024Jun 2024CHANGE
163135-17.2%

Asking Price vs. Sold Price

100 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumter County, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.

Summary: A total of 135 homes were sold or pending in Sumter County in June 2024, down by 17.2% month-over-month. Of the 135 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% 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

Jun 2023Jun 2024CHANGE
61 Days40 Days-34.2%

Summary: Homes in Sumter County had an average of 40 days on market in Jun 2024, down by 34.2% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sumter County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 135 homes were sold in Sumter County; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% 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 13 Days Ago

Newest Listings in Sumter County, FL

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