Is Sumterville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sumterville was a Buyer's Market.
Key Takeaway
Sumterville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumterville, FL
How much do homes in Sumterville, FL cost?
Median Sold Price
$400,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sumterville have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Sumterville was $400,000 in March 2024, up 16.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $305K | $310K | +1.6% |
| 3 Bedrooms | $340K | $434K | +27.6% |
| 4 Bedrooms | $500K | $480K | -4.0% |
| 5+ Bedrooms | $1.5M | $770K | -48.7% |
Summary: Sumterville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 48.7%.
Median Sold Price Compared To Nearby Cities
| Sumterville | $342.5K | $400K | +16.8% |
| Leesburg | $292.3K | $299.9K | +2.6% |
| Wildwood | $320.4K | $317.1K | -1.0% |
| Howey-in-the-Hills-Okahumpka | $335K | $325.4K | -2.8% |
Housing Supply in Sumterville, FL
How many homes are available in Sumterville, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Summary: The Sumterville real estate market had 37 homes for sale in March 2024, a 7.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sumterville 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sumterville, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sumterville in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Sumterville, FL
How long does it take to sell a home in Sumterville, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 28 Days | -33.3% |
Summary: Homes in Sumterville had an average of 28 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sumterville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Sumterville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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