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Featured local agent — Fanning Springs, FL
Sarah Mitchell
Compass Real Estate · Fanning Springs, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fanning Springs, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$318,000median sale price
How is the Fanning Springs, FL housing market right now?
The median home sale price in Fanning Springs, FL is $318,000, down 55.5% year-over-year. Homes sell in an average of 232 days with 12 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fanning Springs a buyer's or seller's market?
Fanning Springs, FL is currently a buyer's market, based on 4.0 months of supply and homes selling in about 232 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
232
Average pace
Active listings
12
4.0 months supply
Sale-to-list
94.0%
Below asking
What does the Fanning Springs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $318,000 |
| Median list price | $329,000 |
| Year-over-year price change | -55.5% |
| Average days on market | 232 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 94.0% |
| Median price per sq ft | $187/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 5 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Fanning Springs by property type?
How the Fanning Springs, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $318,000 | $187/sq ft | 3 | 232 days |
Source: Redfin · Updated monthly
The Fanning Springs housing market is currently classified as a buyer's market with a median sale price of $318,000. Prices have fallen 55.5% compared to last year, with homes spending an average of 232 days on market, indicating 4.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Fanning Springs
There are currently 12 homes listed for sale in Fanning Springs, Florida. The median listing price is $329K.
Active listings
12
Homes on market
Median list price
$329K
Avg. days on market
232
Days until sale
New this week
5
Newly listed
Who lives in Fanning Springs?
Population
1,154
Median income
$54,167/yr
Median age
51.2 years
Owner-occupied
84.7%
College grads
17.4%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Fanning Springs?
Zillow home value
$279,940
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Fanning Springs?
Fanning Springs is a community of approximately 1K residents with a median age of 51.2 years.The median household income is $54,167, which represents a working-class community with solid middle-income opportunities. 17.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 84.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fanning Springs offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Fanning Springs, FL?
Want a head-to-head view? Compare Fanning Springs side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Fanning Springs?
The median home sale price in Fanning Springs is $318,000, down 55.5% from last year.
How long do homes stay on market in Fanning Springs?
Homes typically spend 232 days on market before going under contract.
What is the median income in Fanning Springs?
The median household income is $54,167 per year.
Is Fanning Springs a buyer's or seller's market?
With 4.0 months of supply, Fanning Springs is currently a buyer's market.
What is the Zillow home value estimate for Fanning Springs?
The Zillow Home Value Index (ZHVI) for Fanning Springs is $279,940, representing the typical home value in the area.
How much does a single-family home cost in Fanning Springs?
The median single-family home price in Fanning Springs, FL is $318,000 (about $187 per square foot).
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