Is Orlando, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orlando is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Orlando has remained a Seller's Market.

Key Takeaway

Orlando is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orlando, FL

How much do homes in Orlando, FL cost?

Median Sold Price

$385,135

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,516(+5.3%)

Key Takeaway

Homes in Orlando have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Orlando was $385,135 in May 2024, up 5.3% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $158.3K$162.8K
+2.9%
2 $230K$240K
+4.3%
3 $366.4K$374.9K
+2.3%
4 $509.6K$511.4K
0.4%
5+ $731.3K$791.8K
+8.3%

Summary: Orlando housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Belle Isle
+16.7%
Orlando
+5.3%
Winter Garden-Ocoee
+3.7%
Winter Park
-1.1%
Edgewood
-6.0%

Housing Supply in Orlando, FL

How many homes are available in Orlando, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4,4544,587+3.0%

Summary: The Orlando real estate market had 4,587 homes for sale in May 2024, a 3.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 291300
+3.1%
2 912962
+5.5%
3 1,8141,834
+1.1%
4 1,0331,059
+2.5%
5+ 404432
+6.9%

Summary: The Orlando housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9891,037+4.9%

Asking Price vs. Sold Price

651 Homes Were Sold
Under Asking

214 Homes Were Sold
At Asking

172 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orlando, you may be able to get a good deal. 62.8% of homes here sold below asking price last month.

Summary: A total of 1,037 homes were sold or pending in Orlando in May 2024, up by 4.9% month-over-month. Of the 1,037 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.

Days on Market for Orlando, FL

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

Average Sale Time

May 2023May 2024CHANGE
31 Days41 Days+31.7%

Summary: Homes in Orlando had an average of 41 days on market in May 2024, up by 31.7% compared to last year.

Breakdown of Home Sale Times

633 Homes Were Sold
Under 30 Days

265 Homes Were Sold
In 30 - 90 Days

139 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1037 homes were sold in Orlando; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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 16 Days Ago

Newest Listings in Orlando, FL

Nearby Markets to Orlando, FL

What housing markets are near Orlando, FL?