Is Oviedo, 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, Oviedo has remained a Seller's Market.
Housing Prices in Oviedo, FL
How much do homes in Oviedo, FL cost?
Median Sold Price
$486,071
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oviedo was $486,071 in May 2024, up 7.7% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $205K | +12.0% |
2 Bedrooms | $286.2K | $250K | -12.7% |
3 Bedrooms | $400K | $416.5K | +4.1% |
4 Bedrooms | $544K | $585K | +7.5% |
5+ Bedrooms | $750K | $802.5K | +7.0% |
Summary: Oviedo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Winter Springs | $394.5K | $430K | +9.0% |
Oviedo | $451.2K | $486K | +7.7% |
Housing Supply in Oviedo, FL
How many homes are available in Oviedo, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 242 | 0.0% |
Summary: The Oviedo real estate market had 242 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 16 | 13 | -18.8% |
3 Bedrooms | 93 | 88 | -5.4% |
4 Bedrooms | 102 | 101 | -1.0% |
5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The Oviedo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 67 | -1.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Oviedo in May 2024, down by 1.5% month-over-month. Of the 67 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Oviedo, FL
How long does it take to sell a home in Oviedo, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 26 Days | +55.7% |
Summary: Homes in Oviedo had an average of 26 days on market in May 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Oviedo; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.