Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, FL
How much do homes in Orange County, FL cost?
Median Sold Price
$420,168
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Orange County have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Orange County was $420,168 in June 2024, up 6.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.7K | $160.9K | +1.4% |
| 2 Bedrooms | $234.9K | $245K | +4.3% |
| 3 Bedrooms | $370.1K | $390K | +5.4% |
| 4 Bedrooms | $514.7K | $548.1K | +6.5% |
| 5+ Bedrooms | $750K | $804.3K | +7.2% |
Summary: Orange County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Counties
| Orange County | $395.6K | $420.1K | +6.2% |
| Volusia County | $336.6K | $349.9K | +4.0% |
| Seminole County | $384.9K | $400K | +3.9% |
| Lake County | $368.5K | $374.5K | +1.6% |
| Brevard County | $350K | $355K | +1.4% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7,495 | 7,291 | -2.7% |
Summary: The Orange County real estate market had 7,291 homes for sale in June 2024, a 2.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 329 | 332 | +0.9% |
| 2 Bedrooms | 1,223 | 1,202 | -1.7% |
| 3 Bedrooms | 2,945 | 2,791 | -5.2% |
| 4 Bedrooms | 2,039 | 1,978 | -3.0% |
| 5+ Bedrooms | 959 | 988 | +3.0% |
Summary: The Orange County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,740 | 1,398 | -19.7% |
Asking Price vs. Sold Price
828 Homes Were Sold
Under Asking
350 Homes Were Sold
At Asking
220 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.
Summary: A total of 1,398 homes were sold or pending in Orange County in June 2024, down by 19.7% month-over-month. Of the 1,398 sold homes, 59% were sold under asking, 25% were sold at asking, and 16% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 30 Days | 41 Days | +37.3% |
Summary: Homes in Orange County had an average of 41 days on market in Jun 2024, up by 37.3% compared to last year.
Breakdown of Home Sale Times
854 Homes Were Sold
Under 30 Days
346 Homes Were Sold
In 30 - 90 Days
198 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 1398 homes were sold in Orange County; 61% of homes were sold within 30 days, 25% 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.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 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.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.