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.
Key Takeaway
Odessa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Odessa have sold for 9.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Odessa, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Odessa are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.