$235,000
Land
Yolanda Guerra, Listing Office: Lifestyle International Realty
Is Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Okeechobee was a Seller's Market.
Key Takeaway
Okeechobee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Okeechobee, FL
How much do homes in Okeechobee, FL cost?
Median Sold Price
$270,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,330(+11.7%)
Key Takeaway
Homes in Okeechobee have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Okeechobee was $270,000 in October 2024, up 11.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.7K | $81.5K | -3.8% |
| 2 Bedrooms | $165.4K | $185K | +11.9% |
| 3 Bedrooms | $269.9K | $285K | +5.6% |
| 4 Bedrooms | $295K | $293.9K | -0.3% |
| 5+ Bedrooms | $395K | $409K | +3.5% |
Summary: Okeechobee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Okeechobee, FL
How many homes are available in Okeechobee, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 203 | 0.5% |
Summary: The Okeechobee real estate market had 203 homes for sale in October 2024, a 0.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 49 | 57 | +16.3% |
| 3 Bedrooms | 113 | 104 | -8.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Okeechobee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 16 | -44.8% |
Asking Price vs. Sold Price
15 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 Okeechobee, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Okeechobee in October 2024, down by 44.8% month-over-month. Of the 16 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for Okeechobee, FL
How long does it take to sell a home in Okeechobee, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 85 Days | +36.6% |
Summary: Homes in Okeechobee had an average of 85 days on market in Oct 2024, up by 36.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Okeechobee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Okeechobee; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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