Is Sumterville, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumterville is a 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

+$57,500(+16.8%)

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

# BEDSMar 2023Mar 2024CHANGE
1 -$270K
N/A
2 $305K$310K
+1.6%
3 $340K$434K
+27.6%
4 $500K$480K
-4.0%
5+ $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
+16.8%
Leesburg
+2.6%
Wildwood
-1.0%
Howey-in-the-Hills-Okahumpka
-2.8%

Housing Supply in Sumterville, FL

How many homes are available in Sumterville, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4037-7.5%

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

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 44
0.0%
3 3028
-6.7%
4 32
-33.3%
5+ 11
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 2024Mar 2024CHANGE
69+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
42 Days28 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

Breakdown of Home Sale Times

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.

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

Report Updated 24 Days Ago

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