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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okeechobee is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Okeechobee has remained a Seller's Market.

Key Takeaway

Okeechobee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Okeechobee, FL cost?

Median Sold Price

$255,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$25,000(+10.9%)

Key Takeaway

Homes in Okeechobee have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $92.5K-
N/A
2 $140.5K$50K
-64.4%
3 $257K$256.5K
-0.2%
4 $260K$299K
+15.0%
5+ $425K$235K
-44.7%

How many homes are available in Okeechobee, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
2629+11.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 68
+33.3%
3 1314
+7.7%
4 44
0.0%
5+ 33
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 60% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
44 Days57 Days+30.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Okeechobee, FL

Number of homes for sale in Okeechobee, FL real estate market have reached 29. In September 2022 in Okeechobee, FL there were 11.5% more homes for sale than in August 2022. In September 2022, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $255,000. This housing market listing prices have changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 64.4%, the cost of 3 bedrooms properties went down by 0.2%, the cost of 4 bedrooms properties went up by 15%, prices of 5 bedrooms properties went down by 44.7%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 33.3%, number of 3 bedrooms homes increased by 7.7%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes have not changed. In September 2022 more than 2 listings in Okeechobee, FL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below.