Is Sumterville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sumterville was a Buyer's Market.
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 April 2023
Summary: The median home sold price in Sumterville was $400,000 in April 2024, up 15.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $270K | N/A |
2 Bedrooms | $311.5K | $310K | -0.5% |
3 Bedrooms | $347.5K | $420K | +20.9% |
4 Bedrooms | $500K | $375K | -25.0% |
5+ Bedrooms | $1.5M | $770K | -48.7% |
Summary: Sumterville 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 decreased by 0.5%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 48.7%.
Median Sold Price Compared To Nearby Cities
Sumterville | $347.5K | $400K | +15.1% |
Wildwood | $318.5K | $319.1K | 0.2% |
Leesburg | $298K | $298.4K | 0.1% |
Howey-in-the-Hills-Okahumpka | $335K | $325K | -3.0% |
Housing Supply in Sumterville, FL
How many homes are available in Sumterville, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The Sumterville real estate market had 43 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Sumterville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sumterville in April 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 65 Days | +94.4% |
Summary: Homes in Sumterville had an average of 65 days on market in Apr 2024, up by 94.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Sumterville; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.