Is Odessa, 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, Odessa has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $372.5K | +77.4% |
2 Bedrooms | $335K | $380.5K | +13.6% |
3 Bedrooms | $505K | $545K | +7.9% |
4 Bedrooms | $677K | $729.5K | +7.8% |
5+ Bedrooms | $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 | $630.3K | $700.4K | +11.1% |
Keystone-Citrus Park | $484.8K | $499.9K | +3.1% |
Lutz | $488.2K | $486K | -0.4% |
Land O Lakes | $449.9K | $427.3K | -5.0% |
Housing Supply in Odessa, FL
How many homes are available in Odessa, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
205 | 216 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 59 | 63 | +6.8% |
4 Bedrooms | 93 | 104 | +11.8% |
5+ Bedrooms | 44 | 40 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 38 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 32 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
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.