Is Orange Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orange Park was a Seller's Market.
Key Takeaway
Orange Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Orange Park, FL
How much do homes in Orange Park, FL cost?
Median Sold Price
$335,625
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange Park have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Orange Park was $335,625 in May 2024, up 6.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $147.5K | +11.7% |
| 2 Bedrooms | $222.2K | $195K | -12.3% |
| 3 Bedrooms | $280.1K | $289.9K | +3.5% |
| 4 Bedrooms | $379.6K | $384.5K | +1.3% |
| 5+ Bedrooms | $459.5K | $520K | +13.2% |
Summary: Orange Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Orange Park | $314.9K | $335.6K | +6.5% |
| Jacksonville East | $340.1K | $355.4K | +4.5% |
| Jacksonville | $299.2K | $304.9K | +1.9% |
| Fleming Island | $430K | $430K | 0.0% |
| Jacksonville West | $244.9K | $245K | 0.0% |
Housing Supply in Orange Park, FL
How many homes are available in Orange Park, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 432 | 482 | +11.6% |
Summary: The Orange Park real estate market had 482 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 183 | 199 | +8.7% |
| 4 Bedrooms | 178 | 199 | +11.8% |
| 5+ Bedrooms | 34 | 43 | +26.5% |
Summary: The Orange Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 79 | -8.1% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Park, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Orange Park in May 2024, down by 8.1% month-over-month. Of the 79 sold homes, 44% were sold under asking, 41% were sold at asking, and 15% were sold over asking.
Days on Market for Orange Park, FL
How long does it take to sell a home in Orange Park, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 47 Days | -35.2% |
Summary: Homes in Orange Park had an average of 47 days on market in May 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 79 homes were sold in Orange Park; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.