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 May 2023

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.

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

+$770(+0.3%)

Key Takeaway

The sold price of homes in Okeechobee County has remained the same since last year.

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

# BEDSMay 2023May 2024CHANGE
1 $70K$82.7K
+18.2%
2 $180.7K$165K
-8.7%
3 $270K$274.9K
+1.8%
4 $300K$295K
-1.7%
5+ $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
+16.5%
Indian River County
+6.5%
Saint Lucie County
+2.4%
Okeechobee County
0.3%

Housing Supply in Okeechobee County, FL

How many homes are available in Okeechobee County, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
256242-5.5%

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

# BEDSApr 2024May 2024CHANGE
1 1915
-21.1%
2 5858
0.0%
3 135128
-5.2%
4 3329
-12.1%
5+ 1112
+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 2024May 2024CHANGE
5040-20.0%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Okeechobee County, you may be able to get a good deal. 90% of homes here sold below asking price last month.

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 2023May 2024CHANGE
61 Days64 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Okeechobee County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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