Is Spring Hill, 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, Spring Hill has remained a Seller's Market.
Key Takeaway
Spring Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Hill, FL
How much do homes in Spring Hill, FL cost?
Median Sold Price
$317,678
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spring Hill have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Spring Hill was $317,678 in April 2024, up 2.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $117K | +6.4% |
| 2 Bedrooms | $244.3K | $247K | +1.1% |
| 3 Bedrooms | $324.9K | $325K | 0.0% |
| 4 Bedrooms | $365.6K | $360.1K | -1.5% |
| 5+ Bedrooms | $420K | $480K | +14.3% |
Summary: Spring Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 1.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Hernando Beach | $387K | $435K | +12.4% |
| Spring Hill | $310K | $317.6K | +2.4% |
| Weeki Wachee | $344.5K | $350K | +1.6% |
| Brooksville | $309K | $295.1K | -4.5% |
| Homosassa | $343.2K | $321.2K | -6.4% |
Housing Supply in Spring Hill, FL
How many homes are available in Spring Hill, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,054 | 2,080 | +1.3% |
Summary: The Spring Hill real estate market had 2,080 homes for sale in April 2024, a 1.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 489 | 487 | -0.4% |
| 3 Bedrooms | 943 | 992 | +5.2% |
| 4 Bedrooms | 550 | 515 | -6.4% |
| 5+ Bedrooms | 62 | 76 | +22.6% |
Summary: The Spring Hill 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 decreased by 0.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 460 | 441 | -4.1% |
Asking Price vs. Sold Price
261 Homes Were Sold
Under Asking
134 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hill, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.
Summary: A total of 441 homes were sold or pending in Spring Hill in April 2024, down by 4.1% month-over-month. Of the 441 sold homes, 59% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Spring Hill, FL
How long does it take to sell a home in Spring Hill, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 49 Days | -8.7% |
Summary: Homes in Spring Hill had an average of 49 days on market in Apr 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
226 Homes Were Sold
Under 30 Days
129 Homes Were Sold
In 30 - 90 Days
86 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 441 homes were sold in Spring Hill; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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