Caldera Phases
Homes for Sale in Spring Hill, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
Homes For Sale Right Now in Caldera Phases
Live MLS inventory for Caldera Phases. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 157 daysTop listing
Active · 104 days
Active · 184 daysActive · 52 days
Active · 109 days
Pending · 231 days
Pending · 6 days
Pending · 210 days
Pending · 153 days
Pending · 101 days
Pending · 194 daysActive and pending Caldera Phases listings as of 2026-10-26, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2025 through 2026. Tap any home to ask about it.
Caldera Phases 3 & 4 is a brand-new pocket of Spring Hill, with the homes tracked here all built in 2024 and running around 2,461 square feet at a median of $365,900, or about $157 per square foot. This is new-construction pricing: what sets value is builder inventory and finish level, not resale history or renovation upside. With just 4 homes in the picture, this is a thin, early-stage market where a single listing can move the median.
The current posture leans toward buyers who can wait. Median days on market sits at 71 — slow by area standards — across a 29-day closings window. That pace tells a seller not to expect a quick exit, and tells a buyer there is room to negotiate on a home that has been sitting. A homestead share of 0% is consistent with a subdivision this new; it also signals these are freshly delivered homes rather than long-held owner-occupied stock.
Figures in this note are as of July 13, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Caldera Phases right now
🟡 Balanced market. 3.2 months of supply and 18% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 20, 2026. Confidence: Very High (11 active and pending listings, 32 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($371K) is down 26.2% from the prior 12 months ($502K). With about 18 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending September 20. Confidence: Low (32 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 20, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Caldera Phases market snapshot (as of September 20, 2026): the median sale price is about $371K ($166 per sq ft over the trailing 12 months of closed sales), a median 81 days on market for closed sales, and 3.2 months of supply, a balanced market. The trailing-12-month median is down 26% from the prior 12 months, computed from record-level Stellar MLS closed sales (32 closings in the current window).
A 2024-vintage section of Spring Hill in Hernando County where every tracked home is new construction at roughly 2,461 square feet. The takeaway is simple: newer product, larger floor plans, and a market moving at a deliberate pace.
The setting & the homes.
Aerial and on-site photos of Caldera Phases. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Caldera PhasesCaldera PhasesCaldera PhasesCaldera PhasesCaldera PhasesCaldera PhasesCaldera PhasesCaldera PhasesPhotos from Stellar MLS listings in Caldera Phases; content deemed reliable but not guaranteed.
Who Caldera Phases is best for.
Best for
- Buyers set on new construction who want a larger floor plan without a renovation project
- Buyers comfortable in an early-phase subdivision that is still filling in
- Buyers who can be patient and use the slow 71-day pace as negotiating leverage
Probably not for
- Buyers who need a long resale track record before committing
- Buyers wanting an established, fully built-out neighborhood today
- Sellers who need a fast exit and cannot compete with fresh builder inventory
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($371K) IS the median in the snapshot above, and the move from 2025 ($502K) IS the -26.2% one-year change.
Windows contain 3 to 32 sales each (32 in the current window); every figure carries its sample size. Based on Stellar MLS data distributed by MLS GRID for the period 2025 through 2026. Deemed reliable but not guaranteed.
25% of homes for sale in ZIP 34609 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Caldera Phases Market Scorecard
Caldera Phases is currently a balanced market. About 3.2 months of supply, a median asking price of $353,710, and homes go under contract in about 109 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Stellar MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Caldera Phases 3 & 4, Spring Hill
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period October 2026 through October 2026. Deemed reliable but not guaranteed.
Caldera Phases on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap contributors.
Schools
- Hernando County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Pine Grove Elementary School · Elementary
- West Hernando Middle School · Middle
- Central High School · High
Zoned schools reflect the assignments reported on recent Caldera Phases listings and can change; always confirm with Hernando County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Caldera Phases address.
The Caldera Phases buying strategy.
If we were buying in Caldera Phases today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Caldera Phases.
A new-build market, priced on finish, not history
Because the homes here were all built in 2024, price differences come down to floor plan, lot, and finish rather than age or condition. The median of $365,900 at about $157 per square foot gives you a reference point, but with only 4 homes tracked, treat any single number as directional rather than settled. Expect the picture to shift as more of the phase closes.
The 71-day median on market is the number to watch. In a new-construction setting, longer marketing times often reflect standing inventory and builder pacing more than a problem with any one home. For a buyer, that slack is leverage. For a seller — including anyone reselling one of these homes soon after delivery — it is a reminder that you are competing directly with new stock at similar square footage.
The location and the amenities are priced into every listing in Caldera Phases. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Caldera Phases buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (3.9). Basis: Recent Direction -26.2% year-over-year; Liquidity & Demand 3.2 months of supply; Owner Commitment 0% owner-occupied; Pricing Power 98.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A thin, brand-new market rewards someone who reads it correctly. We track how the remaining Caldera phases are closing, where the 71-day pace gives you negotiating room, and how a new-build purchase compares against resale alternatives elsewhere in Spring Hill. We would rather tell you this is not your community than sell you into the wrong one.
Caldera Phases in 15 seconds.
Tools for a Caldera Phases buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Caldera Phases sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Caldera Phases, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Caldera Phases home worth?
Get a no-obligation home value based on real comparable sales in Caldera Phases, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Caldera Phases on the map →
Frequently Asked Questions
What is the median home price in Caldera Phases?
How long do homes in Caldera Phases take to sell?
Is Caldera Phases a buyer's or seller's market right now?
What share of Caldera Phases is owner-occupied?
Who is the best real estate agent for Caldera Phases?
How do I find a top Spring Hill real estate agent who knows Caldera Phases?
Can Momentum Realty connect me with an agent for Caldera Phases?
Should you buy in Caldera Phases?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Caldera Phases with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: October 26, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 34609)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2025 (35 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Caldera Phases 3 & 4 fits the bigger picture — live prices, inventory, and Momentum Scores: