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

Housing Market Conditions



Gauge showing Okeechobee is a neutral's market


Difference Since May 2023

At the same time last year, Okeechobee was a Seller's Market.

Key Takeaway

Okeechobee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Okeechobee, FL

How much do homes in Okeechobee, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since May 2023.

Key Takeaway

The sold price of homes in Okeechobee has remained the same since last year.

Summary: The median home sold price in Okeechobee was $255,000 in May 2024, the same as last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $72.5K$82.7K
2 $167.7K$165K
3 $270K$274.9K
4 $289.9K$295K
5+ $395K$349K

Summary: Okeechobee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 11.6%.

Housing Supply in Okeechobee, FL

How many homes are available in Okeechobee, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Okeechobee real estate market had 241 homes for sale in May 2024, a 5.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1915
2 5858
3 134127
4 3329
5+ 1112

Summary: The Okeechobee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Okeechobee, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Okeechobee in May 2024, down by 20.0% month-over-month. Of the 40 sold homes, 90% were sold under asking, 3% were sold at asking, and 8% were sold over asking.

Days on Market for Okeechobee, FL

How long does it take to sell a home in Okeechobee, FL?

Average Sale Time

May 2023May 2024CHANGE
61 Days64 Days+6.1%

Summary: Homes in Okeechobee had an average of 64 days on market in May 2024, up by 6.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 40 homes were sold in Okeechobee; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% 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 16 Days Ago

Newest Listings in Okeechobee, FL

Nearby Markets to Okeechobee, FL