Is Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Okeechobee was a Seller's Market.
Housing Prices in Okeechobee, FL
How much do homes in Okeechobee, FL cost?
Median Sold Price
$255,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Okeechobee was $255,000 in June 2024, up 0.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $84K | +20.0% |
2 Bedrooms | $166.5K | $170K | +2.1% |
3 Bedrooms | $274.5K | $270K | -1.6% |
4 Bedrooms | $295K | $290.9K | -1.4% |
5+ Bedrooms | $385K | $379K | -1.6% |
Summary: Okeechobee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in Okeechobee, FL
How many homes are available in Okeechobee, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
228 | 206 | -9.6% |
Summary: The Okeechobee real estate market had 206 homes for sale in June 2024, a 9.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 54 | 50 | -7.4% |
3 Bedrooms | 125 | 114 | -8.8% |
4 Bedrooms | 26 | 23 | -11.5% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Okeechobee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
46 | 25 | -45.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Okeechobee in June 2024, down by 45.7% month-over-month. Of the 25 sold homes, 68% were sold under asking, 24% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
54 Days | 38 Days | -29.1% |
Summary: Homes in Okeechobee had an average of 38 days on market in Jun 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 25 homes were sold in Okeechobee; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.