$8,313 Closing Credit*
$700,000
2,726 SqFt
4 Beds
•3 Full Baths, 1 Partial
Ginger Bennett, Listing Office: KELLER WILLIAMS SOUTH TAMPA
Is Odessa, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Odessa was a Seller's Market.
Key Takeaway
Odessa 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 Odessa, FL
How much do homes in Odessa, FL cost?
Median Sold Price
$685,125
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,432(-2.3%)
Key Takeaway
Homes in Odessa have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Odessa was $685,125 in November 2024, down 2.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $217.5K | -48.8% |
| 2 Bedrooms | $405K | $375K | -7.4% |
| 3 Bedrooms | $545.4K | $528.4K | -3.1% |
| 4 Bedrooms | $734.9K | $725K | -1.4% |
| 5+ Bedrooms | $1.0M | $1.0M | +3.8% |
Summary: Odessa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Lutz | $479.4K | $502.7K | +4.8% |
| Keystone-Citrus Park | $489.1K | $510K | +4.3% |
| Odessa | $701.5K | $685.1K | -2.3% |
| Land O Lakes | $420.3K | $409.9K | -2.5% |
Housing Supply in Odessa, FL
How many homes are available in Odessa, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 219 | 211 | -3.7% |
Summary: The Odessa real estate market had 211 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 75 | 68 | -9.3% |
| 4 Bedrooms | 91 | 89 | -2.2% |
| 5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Odessa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Odessa, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Odessa in November 2024, down by 18.4% month-over-month. Of the 31 sold homes, 74% were sold under asking, 23% were sold at asking, and 3% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 48 Days | +90.2% |
Summary: Homes in Odessa had an average of 48 days on market in Nov 2024, up by 90.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Odessa has remained consistent over time.
Summary: During November 2024, 31 homes were sold in Odessa; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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