$7,006 Closing Credit*
$590,000
1,986 SqFt
3 Beds
•2 Full Baths
Brad Merrell, Listing Office: COLDWELL BANKER REALTY
Is Oviedo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oviedo has remained a Seller's Market.
Key Takeaway
Oviedo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oviedo, FL
How much do homes in Oviedo, FL cost?
Median Sold Price
$486,712
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$569(+0.1%)
Key Takeaway
The sold price of homes in Oviedo has remained the same since last year.
Summary: The median home sold price in Oviedo was $486,712 in October 2024, up 0.1% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $195K | +2.1% |
| 2 Bedrooms | $298K | $252K | -15.4% |
| 3 Bedrooms | $411K | $412K | 0.2% |
| 4 Bedrooms | $575K | $590K | +2.6% |
| 5+ Bedrooms | $777K | $815K | +4.9% |
Summary: Oviedo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Winter Springs | $406.1K | $425.6K | +4.8% |
| Oviedo | $486.1K | $486.7K | 0.1% |
Housing Supply in Oviedo, FL
How many homes are available in Oviedo, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 256 | 229 | -10.5% |
Summary: The Oviedo real estate market had 229 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 98 | 84 | -14.3% |
| 4 Bedrooms | 103 | 91 | -11.7% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Oviedo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 50 | -19.4% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oviedo, you may be able to get a good deal. 74% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Oviedo in October 2024, down by 19.4% month-over-month. Of the 50 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% were sold over asking.
Days on Market for Oviedo, FL
How long does it take to sell a home in Oviedo, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 37 Days | +102.0% |
Summary: Homes in Oviedo had an average of 37 days on market in Oct 2024, up by 102% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oviedo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in Oviedo; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.