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Oviedo Home Prices | January 2017

The Oviedo Market

According to the My Florida Regional MLS (MFR MLS), there are currently 180 single family homes listed for sale in Oviedo and Chuluota, listed at a median price of $397,950. 

Per MFR MLS, 210 single family homes were bought and sold in Oviedo and Chuluota (32765 & 32766) in the most recent 90 days. Inventory for the Oviedo real estate market, including homes in 32766 in Chuluota, is up some to 2.6 months, a very strong sellers’ market. Homes that are priced correctly and in good condition are going under contract quickly, especially in the $200,000 – $300,000 price range.

The median sale price for homes sold was $275,500. Homes in Oviedo and Chuluota are still affordable according to ORRA affordability statistics. Median days to contract and close was 25 and 70, respectively, virtually unchanged over the last several months. Contract-to-close time also remains relatively steady at 45 days. For the same period last year, 243 single family homes were bought and sold for a median price of $279,400. The median sale price for homes in Oviedo dipped 1.4% over last year.

Of the 210 homes sold, 190 (90.5%) were “normal” sales (neither short sales nor bank owned) with a median price of $277,950. They took 24 days to go under contract and 68 days to close.

There were only 8 (4.8%) short sales. Median sale price was $272,000 and median days to contract and close, from the day they were put on the market, was 126 and 257, respectively. Contract-to-close time was 4.7 months, a metric that seems to be trending downward as the number of short sales continue to decline nationwide. 

There were 12 (5.7%) bank owned home sales, also known as foreclosures or REOs in the last 90 days. The median sold price was $233,250 and median days to contract and close back was 62 and 106, respectively.

 


 

Are you thinking about moving? We offer a free, no-obligation consultation to provide you a professional opinion of your home’s value with supporting market data, expenses and how much you would net from the sale, and answers to all your questions.

Please complete the information below or give us a call today at 407-564-2758

We appreciate the opportunity to help you make the best decision for your family. 

Jean Scott, REALTOR & Lead Agent

 


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Thomas Scott, REALTOR
Thomas Scott REALTOR®, GRI®

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