Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orange County has remained a Seller's Market.
Housing Prices in Orange County, FL
How much do homes in Orange County, FL cost?
Median Sold Price
$415,041
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orange County was $415,041 in April 2024, up 5.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.9K | $160K | +2.6% |
2 Bedrooms | $235K | $240.3K | +2.3% |
3 Bedrooms | $369.9K | $385.6K | +4.3% |
4 Bedrooms | $514.4K | $543.6K | +5.7% |
5+ Bedrooms | $732.3K | $806.1K | +10.1% |
Summary: Orange County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Counties
Orange County | $394.7K | $415K | +5.1% |
Seminole County | $384.3K | $399.9K | +4.1% |
Volusia County | $335K | $347.6K | +3.8% |
Brevard County | $350K | $353.8K | +1.1% |
Lake County | $370K | $369.7K | -0.1% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6,687 | 6,702 | 0.2% |
Summary: The Orange County real estate market had 6,702 homes for sale in April 2024, a 0.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 341 | 331 | -2.9% |
2 Bedrooms | 1,132 | 1,170 | +3.4% |
3 Bedrooms | 2,620 | 2,598 | -0.8% |
4 Bedrooms | 1,826 | 1,792 | -1.9% |
5+ Bedrooms | 768 | 811 | +5.6% |
Summary: The Orange County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,494 | 1,446 | -3.2% |
Asking Price vs. Sold Price
871 Homes Were Sold
Under Asking
357 Homes Were Sold
At Asking
218 Homes Were Sold
Over Asking
Summary: A total of 1,446 homes were sold or pending in Orange County in April 2024, down by 3.2% month-over-month. Of the 1,446 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Orange County, FL
How long does it take to sell a home in Orange County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 42 Days | +6.1% |
Summary: Homes in Orange County had an average of 42 days on market in Apr 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
839 Homes Were Sold
Under 30 Days
391 Homes Were Sold
In 30 - 90 Days
216 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1446 homes were sold in Orange County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.