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.
Key Takeaway
Umatilla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
The sold price of homes in Umatilla has remained the same since last year.
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
Key Takeaway
If you're buying a home in Umatilla, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Umatilla are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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