Is North Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Okeechobee was a Seller's Market.
Key Takeaway
North Okeechobee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Okeechobee, FL
How much do homes in North Okeechobee, FL cost?
Median Sold Price
$307,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Okeechobee have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in North Okeechobee was $307,000 in March 2024, down 12.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224K | $275K | +22.8% |
| 3 Bedrooms | $350K | $385K | +10.0% |
| 4 Bedrooms | $380K | $267K | -29.7% |
| 5+ Bedrooms | $775K | $490K | -36.8% |
Summary: North Okeechobee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 29.7%, and 5+ bedroom homes decreased by 36.8%.
Median Sold Price Compared To Nearby Cities
| South and East Osceola | $419.9K | $396.3K | -5.6% |
| West Saint Lucie | $424.9K | $390K | -8.2% |
| North Okeechobee | $350K | $307K | -12.3% |
Housing Supply in North Okeechobee, FL
How many homes are available in North Okeechobee, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The North Okeechobee real estate market had 51 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North Okeechobee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Okeechobee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in North Okeechobee in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for North Okeechobee, FL
How long does it take to sell a home in North Okeechobee, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +22.3% |
Summary: Homes in North Okeechobee had an average of 28 days on market in Mar 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Okeechobee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in North Okeechobee; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.