Is Orange City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange City is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Orange City was a Seller's Market.

Key Takeaway

Orange City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Orange City, FL

How much do homes in Orange City, FL cost?

Median Sold Price

$305,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$4,538(-1.5%)

Key Takeaway

Homes in Orange City have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Orange City was $305,000 in January 2024, down 1.5% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $137K$100K
-27.0%
2 $222.5K$233.5K
+4.9%
3 $305K$305K
0.0%
4 $388.2K$377K
-2.9%
5+ $488K$424.9K
-12.9%

Summary: Orange City housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 4.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 12.9%.

Median Sold Price Compared To Nearby Cities

DeBary-Orange City
+11.1%
DeBary
+11.1%
Deltona
+3.5%
Orange City
-1.5%

Housing Supply in Orange City, FL

How many homes are available in Orange City, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
122132+8.2%

Summary: The Orange City real estate market had 132 homes for sale in January 2024, a 8.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 1512
-20.0%
3 7889
+14.1%
4 2226
+18.2%
5+ 75
-28.6%

Summary: The Orange City housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2918-37.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orange City, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Orange City in January 2024, down by 37.9% month-over-month. Of the 18 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.

Days on Market for Orange City, FL

How long does it take to sell a home in Orange City, FL?

Average Sale Time

Jan 2023Jan 2024CHANGE
38 Days32 Days-14.2%

Summary: Homes in Orange City had an average of 32 days on market in Jan 2024, down by 14.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orange City are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 18 homes were sold in Orange City; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Orange City, FL

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