Is Odessa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Odessa has remained a Seller's Market.
Key Takeaway
Odessa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Odessa, FL
How much do homes in Odessa, FL cost?
Median Sold Price
$684,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Odessa have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Odessa was $684,000 in June 2024, up 5.2% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $217.5K | N/A |
| 2 Bedrooms | $335K | $397.5K | +18.7% |
| 3 Bedrooms | $520K | $535K | +2.9% |
| 4 Bedrooms | $696.1K | $724.3K | +4.1% |
| 5+ Bedrooms | $933.7K | $1.0M | +14.8% |
Summary: Odessa 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 18.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Odessa | $650K | $684K | +5.2% |
| Keystone-Citrus Park | $482.3K | $499.9K | +3.7% |
| Lutz | $479.8K | $493.4K | +2.9% |
| Land O Lakes | $447.9K | $416.8K | -7.0% |
Housing Supply in Odessa, FL
How many homes are available in Odessa, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 281 | 270 | -3.9% |
Summary: The Odessa real estate market had 270 homes for sale in June 2024, a 3.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 78 | 83 | +6.4% |
| 4 Bedrooms | 136 | 119 | -12.5% |
| 5+ Bedrooms | 59 | 59 | 0.0% |
Summary: The Odessa 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 increased by 14.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 62 | 67 | +8.1% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Odessa, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Odessa in June 2024, up by 8.1% month-over-month. Of the 67 sold homes, 57% were sold under asking, 28% were sold at asking, and 15% were sold over asking.
Days on Market for Odessa, FL
How long does it take to sell a home in Odessa, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +14.6% |
Summary: Homes in Odessa had an average of 39 days on market in Jun 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Odessa are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 67 homes were sold in Odessa; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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