Is Hernando County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hernando County has remained a Seller's Market.
Housing Prices in Hernando County, FL
How much do homes in Hernando County, FL cost?
Median Sold Price
$319,996
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hernando County was $319,996 in April 2024, up 1.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.1K | $116K | -12.9% |
2 Bedrooms | $240.4K | $247.8K | +3.1% |
3 Bedrooms | $325K | $327.4K | +0.7% |
4 Bedrooms | $373.6K | $364.9K | -2.3% |
5+ Bedrooms | $428.9K | $466.5K | +8.8% |
Summary: Hernando County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Counties
Hernando County | $314.9K | $319.9K | +1.6% |
Pasco County | $329.5K | $329.9K | 0.1% |
Citrus County | $280K | $276.6K | -1.2% |
Sumter County | $360.2K | $355.2K | -1.4% |
Housing Supply in Hernando County, FL
How many homes are available in Hernando County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,622 | 2,693 | +2.7% |
Summary: The Hernando County real estate market had 2,693 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 619 | 632 | +2.1% |
3 Bedrooms | 1,276 | 1,331 | +4.3% |
4 Bedrooms | 631 | 614 | -2.7% |
5+ Bedrooms | 83 | 101 | +21.7% |
Summary: The Hernando County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
536 | 522 | -2.6% |
Asking Price vs. Sold Price
304 Homes Were Sold
Under Asking
156 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 522 homes were sold or pending in Hernando County in April 2024, down by 2.6% month-over-month. Of the 522 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% were sold over asking.
Days on Market for Hernando County, FL
How long does it take to sell a home in Hernando County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 53 Days | -3.6% |
Summary: Homes in Hernando County had an average of 53 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
250 Homes Were Sold
Under 30 Days
164 Homes Were Sold
In 30 - 90 Days
108 Homes Were Sold
Over 90 Days
Summary: During April 2024, 522 homes were sold in Hernando County; 48% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.