Is Orlando, 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, Orlando has remained a Seller's Market.
Housing Prices in Orlando, FL
How much do homes in Orlando, FL cost?
Median Sold Price
$385,594
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Orlando was $385,594 in June 2024, up 4.2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $160K | 0.0% |
2 Bedrooms | $230K | $240.3K | +4.5% |
3 Bedrooms | $369.6K | $375K | +1.5% |
4 Bedrooms | $503.9K | $512.3K | +1.7% |
5+ Bedrooms | $754.4K | $787.2K | +4.4% |
Summary: Orlando housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Belle Isle | $503.7K | $595K | +18.1% |
Edgewood | $428K | $500K | +16.8% |
Orlando | $370K | $385.5K | +4.2% |
Winter Garden-Ocoee | $399.9K | $415K | +3.8% |
Winter Park | $482.2K | $497.3K | +3.1% |
Housing Supply in Orlando, FL
How many homes are available in Orlando, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4,680 | 4,575 | -2.2% |
Summary: The Orlando real estate market had 4,575 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 293 | 298 | +1.7% |
2 Bedrooms | 955 | 937 | -1.9% |
3 Bedrooms | 1,908 | 1,835 | -3.8% |
4 Bedrooms | 1,083 | 1,049 | -3.1% |
5+ Bedrooms | 441 | 456 | +3.4% |
Summary: The Orlando housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,094 | 861 | -21.3% |
Asking Price vs. Sold Price
493 Homes Were Sold
Under Asking
216 Homes Were Sold
At Asking
152 Homes Were Sold
Over Asking
Summary: A total of 861 homes were sold or pending in Orlando in June 2024, down by 21.3% month-over-month. Of the 861 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +31.4% |
Summary: Homes in Orlando had an average of 39 days on market in Jun 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
547 Homes Were Sold
Under 30 Days
203 Homes Were Sold
In 30 - 90 Days
111 Homes Were Sold
Over 90 Days
Summary: During June 2024, 861 homes were sold in Orlando; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.