Is Summerfield, 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, Summerfield has remained a Seller's Market.
Housing Prices in Summerfield, FL
How much do homes in Summerfield, FL cost?
Median Sold Price
$273,505
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summerfield was $273,505 in May 2024, down 4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $244K | - | N/A |
2 Bedrooms | $274.9K | $254.6K | -7.4% |
3 Bedrooms | $289.9K | $274.7K | -5.2% |
4 Bedrooms | $314.4K | $323.9K | +3.0% |
5+ Bedrooms | $318.7K | $345.9K | +8.5% |
Summary: Summerfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
The Villages | $385.3K | $379.5K | -1.5% |
Lady Lake | $320K | $309.4K | -3.3% |
Summerfield | $285K | $273.5K | -4.0% |
Fruitland Park-Lady Lake | $315K | $290K | -7.9% |
Weirsdale | $445K | $340K | -23.6% |
Housing Supply in Summerfield, FL
How many homes are available in Summerfield, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
420 | 392 | -6.7% |
Summary: The Summerfield real estate market had 392 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 141 | 133 | -5.7% |
3 Bedrooms | 239 | 213 | -10.9% |
4 Bedrooms | 34 | 39 | +14.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Summerfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 67 | -11.8% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Summerfield in May 2024, down by 11.8% month-over-month. Of the 67 sold homes, 67% were sold under asking, 25% were sold at asking, and 7% were sold over asking.
Days on Market for Summerfield, FL
How long does it take to sell a home in Summerfield, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 47 Days | -15.8% |
Summary: Homes in Summerfield had an average of 47 days on market in May 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Summerfield; 43% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.