Your Customized Market Report

Odessa, FL 33556

Single-Family Homes

Barbara S Jordan CRS, GRI, SFR ~ Coldwell Banker Residential Real Estate ~ 14502 N Dale Mabry Hwy #100



Odessa, FL 33556

Fri Aug 23 2019
This week the median list price for Odessa, FL 33556 is $442,675 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 214. Click here to stay informed with the Odessa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Odessa, FL 33556

Fri Aug 23 2019
This week the median list price for Odessa, FL 33556 is $442,675 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 214. Click here to stay informed with the Odessa market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Odessa market.
Median List Price $442,675
Per Square Foot $168
Days on Market 124
Price Decreased 50%
Price Increased 14%
Relisted 4%
Inventory 214
Median House Rent $2,850
Most Expensive $3,900,000
Least Expensive $177,900
Market Action Index
Slight Seller's Advantage
33

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,159,000 4,468 1 - 2.5 acres 5 4 13 1 1 215
$549,000 3,163 0.25 - 0.5 acre 4 3 3 5 3 109
$390,000 2,486 6,500 - 8,000 sqft 4 2 2 3 3 113
$295,327 2,007 6,500 - 8,000 sqft 4 2 0 11 5 59