The median sales price of existing single-family homes in Hernando County increased to $333,000 in January 2025 from $330,000 in January 2024, according to statistics released by the Hernando County Association of REALTORS®. The number of closed sales of existing single-family homes increased 23.0 percent to 267 in January 2025 from 217 a year ago.
The median sales price of existing townhouses-condos decreased year-over-year by 17.3 percent to $215,000 in January 2025, a decrease from $259,900 in January 2024.
The inventory (active listings) of existing single-family homes for sale in Hernando County increased 34.4 percent to 1,468 compared to 1,092 in January 2024. The inventory of existing townhouses and condominiums for sale in Hernando County increased 15.6 percent to 52 listings from 45 listings in January 2024.
New single-family homes for sale listings increased 11.8 percent to 485 single-family homes compared to 434 listings in January 2024. New townhouse-condo listings increased 7.7 percent to 14 compared to 13 listings in January 2024.
The number of months’ supply of existing single-family home inventory for sale—an indication of the absorption rate based on home sale volume—was 4.5 months in January 2025, an increase of 32.4 percent when compared to 3.4 in January 2024. Townhouse-condo months’ supply of inventory for January 2025 increased by 30.0 percent to 3.9 months supply of inventory compared to 3.0 in January 2024.
The median percent of original list price increased with sellers receiving 96.0 percent of their asking price for existing single-family homes in January 2025 compared to 95.9 percent in January 2024. The townhousecondo median percent of original list price increased 2.6 percent to 97.2 percent in January 2025 compared to 94.7 percent in January 2024.
New pending sales (under contract but have not closed yet) for single-family homes increased 9.6 percent to 355 in January 2025, compared to 324 in January 2024. Townhouses and condominium new pending sales decreased by 20.0 percent in January 2025 with 12 compared to 15 in January 2024.
Median time to sale on single-family homes increased by 20.9 percent in January 2025 to 110 days compared to 91 days in January 2024. The townhouses-condos median time to sale increased by 41.1 percent in January 2025 to 79 days from 56 days in January 2024.
