$259,000
0.06 Acres
Land
Vicki Anderson, Listing Office: ANDERSON REALTY
Is Okeechobee County, 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, Okeechobee County was a Seller's Market.
Key Takeaway
Okeechobee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Okeechobee County, FL
How much do homes in Okeechobee County, FL cost?
Median Sold Price
$270,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,020(+8.0%)
Key Takeaway
Homes in Okeechobee County have sold for 8% more than they did a year ago.
Summary: The median home sold price in Okeechobee County was $270,000 in November 2024, up 8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $84K | -8.7% |
| 2 Bedrooms | $166.5K | $185K | +11.1% |
| 3 Bedrooms | $267.6K | $285K | +6.5% |
| 4 Bedrooms | $295K | $320K | +8.5% |
| 5+ Bedrooms | $395K | $409.5K | +3.7% |
Summary: Okeechobee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Okeechobee County | $249.9K | $270K | +8.0% |
| Indian River County | $370.7K | $390.9K | +5.5% |
| Highlands County | $253.2K | $264.9K | +4.6% |
| Saint Lucie County | $375.9K | $386.1K | +2.7% |
Housing Supply in Okeechobee County, FL
How many homes are available in Okeechobee County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 209 | 240 | +14.8% |
Summary: The Okeechobee County real estate market had 240 homes for sale in November 2024, a 14.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 58 | 73 | +25.9% |
| 3 Bedrooms | 108 | 117 | +8.3% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Okeechobee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Okeechobee County, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Okeechobee County in November 2024, up by 27.8% month-over-month. Of the 23 sold homes, 57% were sold under asking, 22% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 66 Days | +19.6% |
Summary: Homes in Okeechobee County had an average of 66 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Okeechobee County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Okeechobee County; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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