Is North Okeechobee, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Okeechobee is a buyer's market

Buyer's
Market

Difference Since June 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

$320,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$23,450(-6.8%)

Key Takeaway

Homes in North Okeechobee have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in North Okeechobee was $320,000 in June 2024, down 6.8% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $194.9K$291K
+49.3%
3 $350K$322.5K
-7.9%
4 $337K$330K
-2.1%
5+ $490K-
N/A

Summary: North Okeechobee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Saint Lucie
-1.7%
North Okeechobee
-6.8%
South and East Osceola
-6.9%

Housing Supply in North Okeechobee, FL

How many homes are available in North Okeechobee, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2821-25.0%

Summary: The North Okeechobee real estate market had 21 homes for sale in June 2024, a 25.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1312
-7.7%
4 84
-50.0%
5+ 22
0.0%

Summary: The North Okeechobee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
101-90.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Okeechobee, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in North Okeechobee in June 2024, down by 90.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Jun 2023Jun 2024CHANGE
57 Days18 Days-68.9%

Summary: Homes in North Okeechobee had an average of 18 days on market in Jun 2024, down by 68.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Okeechobee are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 1 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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