Is Odessa, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odessa is a seller's market

Buyer's
Market

Difference Since March 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

$700,440

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$70,107(+11.1%)

Key Takeaway

Homes in Odessa have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Odessa was $700,440 in March 2024, up 11.1% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $210K$372.5K
+77.4%
2 $335K$380.5K
+13.6%
3 $505K$545K
+7.9%
4 $677K$729.5K
+7.8%
5+ $939.7K$1.0M
+11.7%

Summary: Odessa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Cities

Odessa
+11.1%
Keystone-Citrus Park
+3.1%
Lutz
-0.4%
Land O Lakes
-5.0%

Housing Supply in Odessa, FL

How many homes are available in Odessa, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
205216+5.4%

Summary: The Odessa real estate market had 216 homes for sale in March 2024, a 5.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 66
0.0%
3 5963
+6.8%
4 93104
+11.8%
5+ 4440
-9.1%

Summary: The Odessa 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 6.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4438-13.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Odessa, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Odessa in March 2024, down by 13.6% month-over-month. Of the 38 sold homes, 53% were sold under asking, 34% were sold at asking, and 13% 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

Mar 2023Mar 2024CHANGE
45 Days32 Days-29.1%

Summary: Homes in Odessa had an average of 32 days on market in Mar 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 38 homes were sold in Odessa; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

Newest Listings in Odessa, FL

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