Is Umatilla, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Umatilla has remained a Seller's Market.
Housing Prices in Umatilla, FL
How much do homes in Umatilla, FL cost?
Median Sold Price
$290,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Umatilla was $290,000 in May 2024, down 0.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.5K | $557.5K | +466.0% |
2 Bedrooms | $201.7K | $200K | -0.9% |
3 Bedrooms | $310K | $279K | -10.0% |
4 Bedrooms | $331.2K | $384.9K | +16.2% |
5+ Bedrooms | $184K | $660K | +258.7% |
Summary: Umatilla housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 466%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 258.7%.
Median Sold Price Compared To Nearby Cities
Leesburg East | $302.6K | $314.9K | +4.1% |
Umatilla | $290.5K | $290K | -0.2% |
Umatilla | $299.8K | $290K | -3.3% |
Grand Island | $332K | $316.2K | -4.7% |
Housing Supply in Umatilla, FL
How many homes are available in Umatilla, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 75 | -7.4% |
Summary: The Umatilla real estate market had 75 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 38 | 29 | -23.7% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Umatilla housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Umatilla in May 2024, down by 10.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for Umatilla, FL
How long does it take to sell a home in Umatilla, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 31 Days | -62.0% |
Summary: Homes in Umatilla had an average of 31 days on market in May 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Umatilla; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.