34602 Housing Market Report January 2025•Hernando County, Florida

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Housing Prices in 34602, FL

How much do homes in 34602, FL cost?

Housing Market Conditions

Is 34602, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

34602 is a Neutral Market

Difference Since January 2024

At the same time last year, 34602 was a Buyer's Market.

Insight

34602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$295,000$197/SqFt
+$10,000
+3.5%

Based on all homes sold in the last 12 months

Insight

Homes in 34602 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 34602 was $295,000 in January 2025, up 3.5% from last year, and the median price per square foot was $197.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
33513
+27.0%
34601
+3.5%
34602
+3.5%
33523
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$32.5K$37.5K
+15.4%
2$221K$240K
+8.6%
3$289.9K$294.9K
+1.7%
4$385K$357.5K
-7.1%
5$364.9K$420K
+15.1%

Summary: 34602 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +15.4%. The home price for 2 bedroom homes increased by +8.6%. The home price for 3 bedroom homes increased by +1.7%. The home price for 4 bedroom homes decreased by -7.1%. The home price for 5 bedroom homes increased by +15.1%.

Housing supply in 34602, FL

How many homes are available in 34602, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
114Last MonthJan 2025
1112 months agoDec 2024
+2.7 %
Change MoMDec – Jan

Summary: The 34602 real estate market had 114 homes for sale in Jan 2025, a 2.7 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthJan 2025
182 months agoDec 2024
-5.6 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
141
-75.0%
21721
+23.5%
35256
+7.7%
42223
+4.5%
51613
-18.8%

Summary: 34602 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -75.0%. The inventory for 2 bedroom homes increased by +23.5%. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes increased by +4.5%. The inventory for 5 bedroom homes decreased by -18.8%.

Asking Price vs. Sold Price

How much do homes in 34602, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in 34602, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 34602 in January 2025, down by 5.6% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and and 12% were sold over asking.

Days on Market for 34602, FL

How long does it take to sell a home in 34602, FL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days4 Homes

Over 90 Days7 Homes

Insight

Most homes in 34602 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 17 homes were sold in 34602; 12% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
98 DaysThis YearJan 2025
73 Days1 year agoJan 2024
+33.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 34602 had an average listing age of 98 days in Jan 2025, up by 33.8% compared to the previous year.

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Newest Listings in 34602, FL

What homes are available in 34602, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, and Hernando County Information Services MLS for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.

Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 6:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.