Okeechobee, FL metro area Housing Market

Cold Market

Comprehensive housing market data for the Okeechobee, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: March 2026

Median Sale Price

$325K

14.0% YoY

Days on Market

106 days

45.2% YoY

Active Inventory

141

11.3% YoY

Homes Sold

23

0.0% YoY

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

Okeechobee, FL metro area Market Summary

The Okeechobee, FL metro area housing market is cooling down. As of March 2026, the median home sale price is $325K, up 14.0% year-over-year. Homes are spending a median of 106 days on the market, 45.2% longer than a year ago.

There are 141 homes for sale — 11.3% fewer than last year. With 6.1 months of supply, this is a buyer's market. 31 new listings were added during this period, down 27.9% year-over-year.

Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 17.4% of homes sell above their asking price. 29.1% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

93

Contributing Factors

Months of Supply 6.1
Days on Market 106
Price Drops 29.1%
Sale-to-List Ratio 96.0%
Market Temperature Cold

How This Market Compares

vs. National Median

Median Price (National: $437K) 25.6%
Days on Market (National: 55) 92.7%
Inventory (National: 1,314,690) 100.0%

vs. Florida Median

Median Price (Florida: $417K) 22.1%
Days on Market (Florida: 77) 37.7%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 26% below the national median, which could indicate stronger cash flow potential.

Okeechobee, FL metro area Market Trends

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Detailed Market Metrics

Median List Price

$366K

Price per Sq Ft

$193

Sale-to-List Ratio

96.0%

Months of Supply

6.1

Sold Above List

17.4%

Price Drops

29.1%

New Listings

31

27.9% YoY

Pending Sales

28

Off Market in 2 Weeks

7.1%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.