Is Ocoee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ocoee has remained a Seller's Market.
Key Takeaway
Ocoee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocoee, FL
How much do homes in Ocoee, FL cost?
Median Sold Price
$430,146
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ocoee have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Ocoee was $430,146 in March 2024, up 4.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $195K | +12.1% |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $370K | $385K | +4.1% |
| 4 Bedrooms | $482.5K | $500K | +3.6% |
| 5+ Bedrooms | $600K | $595K | -0.8% |
Summary: Ocoee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Southwest Orange | $500.4K | $533.9K | +6.7% |
| Winter Garden | $540K | $574.5K | +6.4% |
| Ocoee | $409.9K | $430.1K | +4.9% |
| Winter Garden-Ocoee | $399.2K | $412.5K | +3.3% |
| Apopka | $399.9K | $404.6K | +1.2% |
Housing Supply in Ocoee, FL
How many homes are available in Ocoee, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 177 | +7.9% |
Summary: The Ocoee real estate market had 177 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 60 | 63 | +5.0% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Ocoee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 47 | +51.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocoee, you may be able to get a good deal. 66% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Ocoee in March 2024, up by 51.6% month-over-month. Of the 47 sold homes, 66% were sold under asking, 26% were sold at asking, and 9% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -13.3% |
Summary: Homes in Ocoee had an average of 38 days on market in Mar 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocoee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 47 homes were sold in Ocoee; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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