Is Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$250,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Okeechobee was $250,000 in March 2024, down 1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $77.5K | +103.9% |
2 Bedrooms | $166.5K | $165.2K | -0.8% |
3 Bedrooms | $274.5K | $270K | -1.6% |
4 Bedrooms | $299K | $293.9K | -1.7% |
5+ Bedrooms | $405K | $367K | -9.4% |
Summary: Okeechobee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.9%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in Okeechobee, FL
How many homes are available in Okeechobee, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
244 | 273 | +11.9% |
Summary: The Okeechobee real estate market had 273 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 22 | +4.8% |
2 Bedrooms | 63 | 67 | +6.3% |
3 Bedrooms | 115 | 138 | +20.0% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Okeechobee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 36 | 0.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Okeechobee in March 2024, the same as the previous month. Of the 36 sold homes, 75% were sold under asking, 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 50 Days | -13.3% |
Summary: Homes in Okeechobee had an average of 50 days on market in Mar 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Okeechobee; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.