$25,000
Land
Tamara Starcher, Listing Office: Florida Premier Realty of the Palm Beaches LLC
Is North Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, North Okeechobee has remained a Buyer'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
$335,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$41,400(+14.1%)
Key Takeaway
Homes in North Okeechobee have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in North Okeechobee was $335,000 in September 2024, up 14.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.9K | $275K | +41.1% |
| 3 Bedrooms | $350K | $355K | +1.4% |
| 4 Bedrooms | $280K | $375K | +33.9% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: North Okeechobee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Okeechobee | $293.6K | $335K | +14.1% |
| West Saint Lucie | $391.8K | $425.6K | +8.6% |
| South and East Osceola | $405.7K | $386K | -4.9% |
Housing Supply in North Okeechobee, FL
How many homes are available in North Okeechobee, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The North Okeechobee real estate market had 25 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The North Okeechobee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in North Okeechobee in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 33 Days | 17 Days | -48.5% |
Summary: Homes in North Okeechobee had an average of 17 days on market in Sep 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 September 2024, 2 homes were sold in North Okeechobee; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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