Elfers Housing Market Report May 2025•Pasco County, Florida

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Housing Prices in Elfers, FL

How much do homes in Elfers, FL cost?

Housing Market Conditions

Is Elfers, 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

Elfers is a Seller's Market

Difference Since May 2024

Since last year, Elfers has remained a Seller's Market.

Insight

Elfers is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$230,000$200/SqFt
-$15,000
-6.1%

Based on all homes sold in the last 12 months

Insight

Homes in Elfers have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Elfers was $230,000 in May 2025, down 6.1% from last year, and the median price per square foot was $200.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
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
The Heights
0.0%
Southeast New Port Richey
-1.5%
Elfers
-6.1%

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.
BedsMay 2024May 2025Change YoY
1$92.5K-
N/A
2$230K$215K
-6.5%
3$275K$260K
-5.5%
4$326K$332.5K
+2.0%
5$387.7K$435K
+12.2%

Summary: Elfers housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.5%. The home price for 3 bedroom homes decreased by -5.5%. The home price for 4 bedroom homes increased by +2.0%. The home price for 5 bedroom homes increased by +12.2%.

How does Elfers, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elfers, FL

Housing supply in Elfers, FL

How many homes are available in Elfers, 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
96Last MonthMay 2025
1032 months agoApr 2025
-6.8 %
Change MoMApr – May

Summary: The Elfers real estate market had 96 homes for sale in May 2025, a 6.8 % decrease compared to Apr 2025.

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
20Last MonthMay 2025
292 months agoApr 2025
-31.0 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
100
0.0%
25243
-17.3%
33741
+10.8%
499
0.0%
553
-40.0%

Summary: Elfers housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -17.3%. The inventory for 3 bedroom homes increased by +10.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -40.0%.

Asking Price vs. Sold Price

How much do homes in Elfers, 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 Price1 Home

At Asking Price6 Homes

Under Asking Price13 Homes

Insight

If you're buying a home in Elfers, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Elfers in May 2025, down by 31.0% month-over-month. Of the 20 sold homes, 65% were sold under asking, 30% were sold at asking, and and 5% were sold over asking.

Days on Market for Elfers, FL

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

Breakdown of Home Sale Times

Under 30 Days12 Homes

30 – 90 Days4 Homes

Over 90 Days4 Homes

Insight

Many homes in Elfers are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 20 homes were sold in Elfers; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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
46 DaysThis YearMay 2025
44 Days1 year agoMay 2024
+3.1 %
Change YoYMay 2024 – May 2025

Summary: Homes in Elfers had an average listing age of 46 days in May 2025, up by 3.1% compared to the previous year.

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Newest Listings in Elfers, FL

What homes are available in Elfers, FL?

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MLS Disclaimers and Copyright

Based on information from Stellar MLS, and Hernando County Information Services MLS for the period 06/01/2023 - 06/01/2025

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: 6/1/2025, 10:19:29 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: 6/1/2025, 10:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.