Is Southwest Orange, 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, Southwest Orange has remained a Seller's Market.
Key Takeaway
Southwest Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Orange, FL
How much do homes in Southwest Orange, FL cost?
Median Sold Price
$539,980
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southwest Orange have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Southwest Orange was $539,980 in May 2024, up 7.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.4K | $172K | +5.2% |
| 2 Bedrooms | $265K | $260.4K | -1.7% |
| 3 Bedrooms | $430K | $443.9K | +3.2% |
| 4 Bedrooms | $630K | $650K | +3.2% |
| 5+ Bedrooms | $929.5K | $1.0M | +15.7% |
Summary: Southwest Orange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Southwest Orange | $501.8K | $539.9K | +7.6% |
| Winter Garden | $547K | $575.4K | +5.2% |
| Windermere | $726.7K | $754.2K | +3.8% |
Housing Supply in Southwest Orange, FL
How many homes are available in Southwest Orange, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,728 | 1,792 | +3.7% |
Summary: The Southwest Orange real estate market had 1,792 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 68 | 71 | +4.4% |
| 2 Bedrooms | 243 | 278 | +14.4% |
| 3 Bedrooms | 559 | 545 | -2.5% |
| 4 Bedrooms | 494 | 501 | +1.4% |
| 5+ Bedrooms | 364 | 397 | +9.1% |
Summary: The Southwest Orange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 331 | 353 | +6.6% |
Asking Price vs. Sold Price
224 Homes Were Sold
Under Asking
82 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Orange, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.
Summary: A total of 353 homes were sold or pending in Southwest Orange in May 2024, up by 6.6% month-over-month. Of the 353 sold homes, 63% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for Southwest Orange, FL
How long does it take to sell a home in Southwest Orange, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -1.0% |
Summary: Homes in Southwest Orange had an average of 36 days on market in May 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
220 Homes Were Sold
Under 30 Days
90 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Orange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 353 homes were sold in Southwest Orange; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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