Is Sumterville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Sumterville was a Buyer's Market.
Key Takeaway
Sumterville 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 Sumterville, FL
How much do homes in Sumterville, FL cost?
Median Sold Price
$420,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Sumterville have sold for 35.5% more than they did a year ago.
Summary: The median home sold price in Sumterville was $420,000 in November 2023, up 35.5% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $267.5K | N/A |
| 2 Bedrooms | $228.5K | $297.5K | +30.2% |
| 3 Bedrooms | $314.9K | $447.4K | +42.1% |
| 4 Bedrooms | - | $500K | N/A |
| 5+ Bedrooms | $600K | $1.5M | +150.0% |
Summary: Sumterville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 42.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 150%.
Median Sold Price Compared To Nearby Cities
| Sumterville | $309.9K | $420K | +35.5% |
| Leesburg | $279.9K | $300K | +7.2% |
| Howey-in-the-Hills-Okahumpka | $330K | $330K | 0.0% |
| Wildwood | $320K | $310.3K | -3.0% |
Housing Supply in Sumterville, FL
How many homes are available in Sumterville, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Sumterville real estate market had 28 homes for sale in November 2023, a 7.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumterville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumterville, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sumterville in November 2023, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 85 Days | 35 Days | -58.5% |
Summary: Homes in Sumterville had an average of 35 days on market in Nov 2023, down by 58.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 November 2023, 4 homes were sold in Sumterville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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