Is Okeechobee County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Okeechobee County was a Seller's Market.
Housing Prices in Okeechobee County, FL
How much do homes in Okeechobee County, FL cost?
Median Sold Price
$249,991
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Okeechobee County was $249,991 in April 2024, down 2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $73.7K | -7.8% |
2 Bedrooms | $181.5K | $165K | -9.1% |
3 Bedrooms | $275K | $270K | -1.8% |
4 Bedrooms | $305K | $293.9K | -3.6% |
5+ Bedrooms | $422.5K | $349K | -17.4% |
Summary: Okeechobee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Counties
Highlands County | $241.6K | $274.2K | +13.5% |
Indian River County | $354.3K | $378.4K | +6.8% |
Saint Lucie County | $374.9K | $383.1K | +2.2% |
Okeechobee County | $255K | $249.9K | -2.0% |
Glades County | $242.5K | $165K | -32.0% |
Housing Supply in Okeechobee County, FL
How many homes are available in Okeechobee County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
273 | 279 | +2.2% |
Summary: The Okeechobee County real estate market had 279 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 22 | 0.0% |
2 Bedrooms | 65 | 70 | +7.7% |
3 Bedrooms | 138 | 141 | +2.2% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Okeechobee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 42 | +13.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Okeechobee County in April 2024, up by 13.5% month-over-month. Of the 42 sold homes, 69% were sold under asking, 24% were sold at asking, and 7% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 79 Days | +29.7% |
Summary: Homes in Okeechobee County had an average of 79 days on market in Apr 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Okeechobee County; 40% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.