Is North Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Okeechobee was a Seller's Market.
Key Takeaway
North Okeechobee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Okeechobee, FL
How much do homes in North Okeechobee, FL cost?
Median Sold Price
$308,500
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Okeechobee have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in North Okeechobee was $308,500 in April 2024, down 11.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.4K | $242.5K | +16.9% |
| 3 Bedrooms | $350K | $342.5K | -2.1% |
| 4 Bedrooms | $351.2K | $270K | -23.1% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: North Okeechobee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South and East Osceola | $413.2K | $402.1K | -2.7% |
| West Saint Lucie | $417.5K | $389K | -6.8% |
| North Okeechobee | $348.7K | $308.5K | -11.5% |
Housing Supply in North Okeechobee, FL
How many homes are available in North Okeechobee, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 40 | -16.7% |
Summary: The North Okeechobee real estate market had 40 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North Okeechobee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Okeechobee, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in North Okeechobee in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for North Okeechobee, FL
How long does it take to sell a home in North Okeechobee, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 138 Days | 111 Days | -19.5% |
Summary: Homes in North Okeechobee had an average of 111 days on market in Apr 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in North Okeechobee are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in North Okeechobee; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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