Is Orlando, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
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.
How much do homes in Orlando, FL cost?
Median Sold Price
$365,276
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$49,405(+15.6%)
Key Takeaway
Homes in Orlando have sold for 15.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $135K | $158.4K | +17.3% |
| 2 Bedrooms | $195K | $230K | +17.9% |
| 3 Bedrooms | $350K | $366.3K | +4.7% |
| 4 Bedrooms | $509K | $509.9K | 0.2% |
| 5+ Bedrooms | $723.7K | $733.4K | +1.3% |
Median Sold Price Compared To Nearby Cities
| Winter Garden-Ocoee | $343.9K | $400.4K | +16.4% |
| Orlando | $315.8K | $365.2K | +15.6% |
| Belle Isle | $460K | $500K | +8.7% |
| Edgewood | $419.5K | $450.5K | +7.4% |
| Winter Park | $537K | $500K | -6.9% |
How many homes are available in Orlando, FL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 3,462 | 3,351 | -3.2% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 211 | 223 | +5.7% |
| 2 Bedrooms | 624 | 619 | -0.8% |
| 3 Bedrooms | 1,429 | 1,352 | -5.4% |
| 4 Bedrooms | 874 | 853 | -2.4% |
| 5+ Bedrooms | 324 | 304 | -6.2% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 920 | 1,026 | +11.5% |
Asking Price vs. Sold Price
550 Homes Were Sold
Under Asking
233 Homes Were Sold
At Asking
243 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orlando, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
How long does it take to sell a home in Orlando, FL?
How long does it take to sell a home in Orlando, FL?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 13 Days | 31 Days | +133.5% |
Breakdown of Home Sale Times
718 Homes Were Sold
Under 30 Days
201 Homes Were Sold
In 30 - 90 Days
104 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orlando are selling fast, if you're buying plan to act quickly.
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