Is Sumter 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, Sumter County has remained a Seller's Market.
Housing Prices in Sumter County, FL
How much do homes in Sumter County, FL cost?
Median Sold Price
$355,222
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sumter County was $355,222 in April 2024, down 1.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $173.2K | -23.0% |
2 Bedrooms | $305K | $290K | -4.9% |
3 Bedrooms | $399.9K | $397.4K | -0.6% |
4 Bedrooms | $425K | $380.5K | -10.5% |
5+ Bedrooms | $412.5K | $364.4K | -11.6% |
Summary: Sumter County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Counties
Hernando County | $314.9K | $319.9K | +1.6% |
Marion County | $274.9K | $274.9K | 0% |
Lake County | $370K | $369.7K | -0.1% |
Citrus County | $280K | $276.6K | -1.2% |
Sumter County | $360.2K | $355.2K | -1.4% |
Housing Supply in Sumter County, FL
How many homes are available in Sumter County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
869 | 850 | -2.2% |
Summary: The Sumter County real estate market had 850 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 224 | 245 | +9.4% |
3 Bedrooms | 547 | 517 | -5.5% |
4 Bedrooms | 73 | 69 | -5.5% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Sumter County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
193 | 183 | -5.2% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 183 homes were sold or pending in Sumter County in April 2024, down by 5.2% month-over-month. Of the 183 sold homes, 76% were sold under asking, 19% were sold at asking, and 5% were sold over asking.
Days on Market for Sumter County, FL
How long does it take to sell a home in Sumter County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 57 Days | +1.5% |
Summary: Homes in Sumter County had an average of 57 days on market in Apr 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During April 2024, 183 homes were sold in Sumter County; 50% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.