Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$412,751
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Orange County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Orange County was $412,751 in March 2024, up 5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $160K | +3.2% |
| 2 Bedrooms | $234.5K | $240K | +2.3% |
| 3 Bedrooms | $369.8K | $384.6K | +4.0% |
| 4 Bedrooms | $511.5K | $540.1K | +5.6% |
| 5+ Bedrooms | $729.4K | $800.1K | +9.7% |
Summary: Orange County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
| Orange County | $392.9K | $412.7K | +5.0% |
| Seminole County | $383.8K | $399.9K | +4.2% |
| Volusia County | $334.9K | $345.6K | +3.2% |
| Brevard County | $350K | $350.9K | 0.3% |
| Lake County | $371.7K | $367.6K | -1.1% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6,267 | 6,451 | +2.9% |
Summary: The Orange County real estate market had 6,451 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 321 | 351 | +9.3% |
| 2 Bedrooms | 1,055 | 1,145 | +8.5% |
| 3 Bedrooms | 2,485 | 2,490 | 0.2% |
| 4 Bedrooms | 1,714 | 1,709 | -0.3% |
| 5+ Bedrooms | 692 | 756 | +9.2% |
Summary: The Orange County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,236 | 1,407 | +13.8% |
Asking Price vs. Sold Price
892 Homes Were Sold
Under Asking
303 Homes Were Sold
At Asking
212 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. 63.4% of homes here sold below asking price last month.
Summary: A total of 1,407 homes were sold or pending in Orange County in March 2024, up by 13.8% month-over-month. Of the 1,407 sold homes, 63% were sold under asking, 22% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 44 Days | -2.8% |
Summary: Homes in Orange County had an average of 44 days on market in Mar 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
804 Homes Were Sold
Under 30 Days
369 Homes Were Sold
In 30 - 90 Days
234 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 March 2024, 1407 homes were sold in Orange County; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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