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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Umatilla is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Umatilla is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Umatilla, FL

How much do homes in Umatilla, FL cost?

Median Sold Price

$280,000

$186/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

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

Summary: The median home sold price in Umatilla was $280,000 in February 2024, the same as last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $125K$72K
-42.4%
2 $225K$180K
-20.0%
3 $284.9K$282K
-1.1%
4 $349.9K$344K
-1.7%
5+ $184K$619.5K
+236.7%

Summary: Umatilla housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.4%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 236.7%.

Median Sold Price Compared To Nearby Cities

Leesburg East
+3.4%
Umatilla
+1.0%
Umatilla
0.0%
Grand Island
-8.0%

Housing Supply in Umatilla, FL

How many homes are available in Umatilla, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8889+1.1%

Summary: The Umatilla real estate market had 89 homes for sale in February 2024, a 1.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 1714
-17.6%
3 4145
+9.8%
4 2119
-9.5%
5+ 89
+12.5%

Summary: The Umatilla housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12120.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Umatilla, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Umatilla in February 2024, the same as the previous month. Of the 12 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for Umatilla, FL

How long does it take to sell a home in Umatilla, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
76 Days49 Days-36.0%

Summary: Homes in Umatilla had an average of 49 days on market in Feb 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 12 homes were sold in Umatilla; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

Newest Listings in Umatilla, FL

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