Is Odessa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Odessa has remained a Seller's Market.
Housing Prices in Odessa, FL
How much do homes in Odessa, FL cost?
Median Sold Price
$703,500
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Odessa was $703,500 in April 2024, up 10.8% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $217.5K | +3.6% |
2 Bedrooms | $293K | $390K | +33.1% |
3 Bedrooms | $505K | $545K | +7.9% |
4 Bedrooms | $679.9K | $739K | +8.7% |
5+ Bedrooms | $936.7K | $1.0M | +14.8% |
Summary: Odessa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 33.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Odessa | $634.9K | $703.5K | +10.8% |
Keystone-Citrus Park | $484.7K | $499.9K | +3.2% |
Lutz | $485K | $489.5K | +0.9% |
Land O Lakes | $454.4K | $420.6K | -7.4% |
Housing Supply in Odessa, FL
How many homes are available in Odessa, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
220 | 240 | +9.1% |
Summary: The Odessa real estate market had 240 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 69 | 69 | 0.0% |
4 Bedrooms | 102 | 114 | +11.8% |
5+ Bedrooms | 41 | 44 | +7.3% |
Summary: The Odessa 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 51 | +27.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Odessa in April 2024, up by 27.5% month-over-month. Of the 51 sold homes, 59% were sold under asking, 25% were sold at asking, and 16% were sold over asking.
Days on Market for Odessa, FL
How long does it take to sell a home in Odessa, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 35 Days | -24.8% |
Summary: Homes in Odessa had an average of 35 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Odessa; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.