Is Odessa, 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, Odessa has remained a Seller's Market.
Housing Prices in Odessa, FL
How much do homes in Odessa, FL cost?
Median Sold Price
$698,560
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Odessa was $698,560 in May 2024, up 9.2% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.5K | N/A |
2 Bedrooms | $335K | $380.5K | +13.6% |
3 Bedrooms | $508.5K | $550K | +8.2% |
4 Bedrooms | $696.2K | $725K | +4.1% |
5+ Bedrooms | $931.2K | $1.0M | +15.4% |
Summary: Odessa 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 13.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Odessa | $639.9K | $698.5K | +9.2% |
Keystone-Citrus Park | $481.9K | $499.5K | +3.6% |
Lutz | $480.6K | $491.4K | +2.3% |
Land O Lakes | $450K | $417.6K | -7.2% |
Housing Supply in Odessa, FL
How many homes are available in Odessa, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
254 | 271 | +6.7% |
Summary: The Odessa real estate market had 271 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 73 | 72 | -1.4% |
4 Bedrooms | 124 | 136 | +9.7% |
5+ Bedrooms | 44 | 52 | +18.2% |
Summary: The Odessa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 57 | +5.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Odessa in May 2024, up by 5.6% month-over-month. Of the 57 sold homes, 67% were sold under asking, 16% were sold at asking, and 18% were sold over asking.
Days on Market for Odessa, FL
How long does it take to sell a home in Odessa, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 39 Days | -23.1% |
Summary: Homes in Odessa had an average of 39 days on market in May 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 57 homes were sold in Odessa; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.