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 seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Sumter County, FL cost?

Median Sold Price

$350,335

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$61,514(+21.3%)

Key Takeaway

Homes in Sumter County have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $152.5K$170K
+11.5%
2 $218K$290K
+33.0%
3 $327.4K$399K
+21.8%
4 $315K$450K
+42.9%
5+ $371.5K$410K
+10.4%

Median Sold Price Compared To Nearby Counties

Citrus County
+31.0%
Hernando County
+30.0%
Lake County
+26.6%
Pasco County
+22.0%
Sumter County
+21.3%

How many homes are available in Sumter County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
530546+3.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 54
-20.0%
2 126144
+14.3%
3 343342
-0.3%
4 4948
-2.0%
5+ 78
+14.3%

Number of Homes Sold

Jul 2022Aug 2022%
115125+8.7%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

19 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. 55.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
22 Days28 Days+26.2%

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

8 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sumter County, FL

Homes for sale in Sumter County, FL have reached 546. The number of homes for sale in Sumter County, FL increased by 3% between July 2022 and August 2022. In August 2022, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $350,335. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 11.5%, 2 bedrooms properties became 33% more expensive, prices of 3 bedrooms properties went up by 21.8%, the cost of 4 bedrooms properties went up by 42.9%, prices of 5 bedrooms properties increased by 10.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 20%, volume of 2 bedrooms homes went up by 14.3%, volume of 3 bedrooms homes went down by 0.3%, 4 bedrooms homes inventory decreased by 2%, the quantity of 5 bedrooms homes went up by 14.3%. Sumter County, FL housing market in August 2022 saw over 19 listings sold above listed price, more than 37 sold at listed price and over 69 sold below.

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