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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okeechobee County is a neutral's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Okeechobee County, FL cost?

Median Sold Price

$255,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$58,816(+30.0%)

Key Takeaway

Homes in Okeechobee County have sold for 30% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $67.5K$105K
+55.6%
2 $154.9K$189.9K
+22.6%
3 $209.5K$269.9K
+28.9%
4 $259K$337.5K
+30.3%
5+ $427.5K$661.5K
+54.7%

Median Sold Price Compared To Nearby Counties

Okeechobee County
+30.0%
Saint Lucie County
+28.6%
Highlands County
+17.5%
Indian River County
+13.8%

How many homes are available in Okeechobee County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
196207+5.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 33
0.0%
2 3938
-2.6%
3 107121
+13.1%
4 3733
-10.8%
5+ 1012
+20.0%

Number of Homes Sold

Jul 2022Aug 2022%
3431-8.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Okeechobee County, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
23 Days50 Days+120.6%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Okeechobee County 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 County, FL

Okeechobee County, FL has 207 homes for sale to choose from. The inventory of homes for sale in Okeechobee County, FL between July 2022 and August 2022 increased by 5.6%. The median list price of listings available in August 2022 was $255,000, while the average time on the real estate market was 50 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 55.6%, prices of 2 bedrooms properties increased by 22.6%, prices of 3 bedrooms properties went up by 28.9%, prices of 4 bedrooms properties increased by 30.3%, 5 bedrooms properties became 54.7% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 2.6%, 3 bedrooms homes became 13.1% more available, number of 4 bedrooms homes decreased by 10.8%, volume of 5 bedrooms homes went up by 20%. In August 2022 more than 3 listings in Okeechobee County, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 23 were sold below.

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