Is Okeechobee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Okeechobee County was a Seller's Market.
Housing Prices in Okeechobee County, FL
How much do homes in Okeechobee County, FL cost?
Median Sold Price
$255,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Okeechobee County was $255,000 in May 2024, up 0.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $82.7K | +18.2% |
2 Bedrooms | $180.7K | $165K | -8.7% |
3 Bedrooms | $270K | $274.9K | +1.8% |
4 Bedrooms | $300K | $295K | -1.7% |
5+ Bedrooms | $405K | $349K | -13.8% |
Summary: Okeechobee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 13.8%.
Median Sold Price Compared To Nearby Counties
Highlands County | $237.5K | $276.6K | +16.5% |
Indian River County | $355.9K | $379.1K | +6.5% |
Saint Lucie County | $375.1K | $384.1K | +2.4% |
Okeechobee County | $254.2K | $255K | 0.3% |
Housing Supply in Okeechobee County, FL
How many homes are available in Okeechobee County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 242 | -5.5% |
Summary: The Okeechobee County real estate market had 242 homes for sale in May 2024, a 5.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 15 | -21.1% |
2 Bedrooms | 58 | 58 | 0.0% |
3 Bedrooms | 135 | 128 | -5.2% |
4 Bedrooms | 33 | 29 | -12.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Okeechobee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 40 | -20.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Okeechobee County in May 2024, down by 20.0% month-over-month. Of the 40 sold homes, 90% were sold under asking, 3% were sold at asking, and 8% were sold over asking.
Days on Market for Okeechobee County, FL
How long does it take to sell a home in Okeechobee County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 64 Days | +6.1% |
Summary: Homes in Okeechobee County had an average of 64 days on market in May 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Okeechobee County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.