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.
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
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
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
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.