Is Hernando Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hernando Beach is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Hernando Beach, FL

How much do homes in Hernando Beach, FL cost?

Median Sold Price

$435,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$48,000(+12.4%)

Key Takeaway

Homes in Hernando Beach have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Hernando Beach was $435,000 in April 2024, up 12.4% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $580K-
N/A
2 $269K$283.7K
+5.5%
3 $400K$449.5K
+12.4%
4 $555K$550K
-0.9%
5+ $757.5K$739.5K
-2.4%

Summary: Hernando Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Hernando Beach
+12.4%
Spring Hill
+2.4%
Weeki Wachee
+1.6%
Homosassa
-6.4%

Housing Supply in Hernando Beach, FL

How many homes are available in Hernando Beach, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
328354+7.9%

Summary: The Hernando Beach real estate market had 354 homes for sale in April 2024, a 7.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 8184
+3.7%
3 182201
+10.4%
4 4852
+8.3%
5+ 1515
0.0%

Summary: The Hernando Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4050+25.0%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hernando Beach, you may be able to get a good deal. 58% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Hernando Beach in April 2024, up by 25.0% month-over-month. Of the 50 sold homes, 58% were sold under asking, 34% were sold at asking, and 8% were sold over asking.

Days on Market for Hernando Beach, FL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
63 Days61 Days-3.7%

Summary: Homes in Hernando Beach had an average of 61 days on market in Apr 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 50 homes were sold in Hernando Beach; 40% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 26% 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 9 Days Ago

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