Is Ocoee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ocoee has remained a Seller's Market.
Housing Prices in Ocoee, FL
How much do homes in Ocoee, FL cost?
Median Sold Price
$438,709
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ocoee was $438,709 in May 2024, up 5.7% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173K | $195K | +12.7% |
2 Bedrooms | $225K | $232.5K | +3.3% |
3 Bedrooms | $370K | $391.1K | +5.7% |
4 Bedrooms | $485K | $511.2K | +5.4% |
5+ Bedrooms | $600K | $603.5K | +0.6% |
Summary: Ocoee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Southwest Orange | $501.8K | $539.9K | +7.6% |
Ocoee | $414.8K | $438.7K | +5.7% |
Winter Garden | $547K | $575.4K | +5.2% |
Winter Garden-Ocoee | $400.2K | $414.9K | +3.7% |
Apopka | $400.7K | $404.9K | +1.0% |
Housing Supply in Ocoee, FL
How many homes are available in Ocoee, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
195 | 180 | -7.7% |
Summary: The Ocoee real estate market had 180 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 78 | 68 | -12.8% |
4 Bedrooms | 71 | 69 | -2.8% |
5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Ocoee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 46 | -14.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Ocoee in May 2024, down by 14.8% month-over-month. Of the 46 sold homes, 54% were sold under asking, 35% were sold at asking, and 11% were sold over asking.
Days on Market for Ocoee, FL
How long does it take to sell a home in Ocoee, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 32 Days | +56.9% |
Summary: Homes in Ocoee had an average of 32 days on market in May 2024, up by 56.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Ocoee; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.