Is South and East Osceola, 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, South and East Osceola has remained a Seller's Market.
Key Takeaway
South and East Osceola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South and East Osceola, FL
How much do homes in South and East Osceola, FL cost?
Median Sold Price
$388,750
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South and East Osceola have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in South and East Osceola was $388,750 in May 2024, down 7.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $125K | -42.9% |
| 2 Bedrooms | $260K | $290K | +11.5% |
| 3 Bedrooms | $380K | $352.9K | -7.1% |
| 4 Bedrooms | $427.9K | $435.4K | +1.7% |
| 5+ Bedrooms | $492.9K | $515K | +4.5% |
Summary: South and East Osceola housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| West Brevard | $516.4K | $564.3K | +9.3% |
| East Orange | $523.8K | $525.7K | 0.4% |
| Cocoa-Rockledge | $348.9K | $349.6K | 0.2% |
| South and East Osceola | $419K | $388.7K | -7.2% |
Housing Supply in South and East Osceola, FL
How many homes are available in South and East Osceola, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 168 | 191 | +13.7% |
Summary: The South and East Osceola real estate market had 191 homes for sale in May 2024, a 13.7% increase 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 78 | 89 | +14.1% |
| 4 Bedrooms | 62 | 73 | +17.7% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The South and East Osceola 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 decreased by 9.1%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 40 | +73.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South and East Osceola, expect to pay close to the asking price. 52.5% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in South and East Osceola in May 2024, up by 73.9% month-over-month. Of the 40 sold homes, 38% were sold under asking, 53% were sold at asking, and 10% were sold over asking.
Days on Market for South and East Osceola, FL
How long does it take to sell a home in South and East Osceola, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 60 Days | +8.3% |
Summary: Homes in South and East Osceola had an average of 60 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South and East Osceola are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in South and East Osceola; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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