Is North Okeechobee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Okeechobee has remained a Seller's Market.
Key Takeaway
North Okeechobee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Okeechobee, FL
How much do homes in North Okeechobee, FL cost?
Median Sold Price
$315,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Okeechobee have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in North Okeechobee was $315,000 in May 2024, down 9.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.9K | $275K | +57.2% |
| 3 Bedrooms | $350K | $330K | -5.7% |
| 4 Bedrooms | $351.2K | $325K | -7.5% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: North Okeechobee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Saint Lucie | $399.9K | $372.1K | -6.9% |
| South and East Osceola | $419K | $388.7K | -7.2% |
| North Okeechobee | $347.4K | $315K | -9.3% |
Housing Supply in North Okeechobee, FL
How many homes are available in North Okeechobee, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The North Okeechobee real estate market had 33 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North Okeechobee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Okeechobee, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Okeechobee in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for North Okeechobee, FL
How long does it take to sell a home in North Okeechobee, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 109 Days | +34.2% |
Summary: Homes in North Okeechobee had an average of 109 days on market in May 2024, up by 34.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Okeechobee has remained consistent over time.
Summary: During May 2024, 9 homes were sold in North Okeechobee; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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