Is Oviedo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oviedo has remained a Seller's Market.
Housing Prices in Oviedo, FL
How much do homes in Oviedo, FL cost?
Median Sold Price
$485,357
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oviedo was $485,357 in March 2024, up 8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $195K | +6.6% |
2 Bedrooms | $286.2K | $260K | -9.2% |
3 Bedrooms | $400K | $415K | +3.8% |
4 Bedrooms | $534.3K | $585.5K | +9.6% |
5+ Bedrooms | $725K | $795K | +9.7% |
Summary: Oviedo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Winter Springs | $389.9K | $428.3K | +9.9% |
Oviedo | $449.3K | $485.3K | +8.0% |
Housing Supply in Oviedo, FL
How many homes are available in Oviedo, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
213 | 217 | +1.9% |
Summary: The Oviedo real estate market had 217 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 95 | 91 | -4.2% |
4 Bedrooms | 78 | 87 | +11.5% |
5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Oviedo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 65 | +22.6% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Oviedo in March 2024, up by 22.6% month-over-month. Of the 65 sold homes, 68% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Oviedo, FL
How long does it take to sell a home in Oviedo, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 36 Days | -10.5% |
Summary: Homes in Oviedo had an average of 36 days on market in Mar 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in Oviedo; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.