Is Orlando, 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, Orlando has remained a Seller's Market.
Housing Prices in Orlando, FL
How much do homes in Orlando, FL cost?
Median Sold Price
$379,947
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orlando was $379,947 in March 2024, up 5.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.8K | $160K | 0.1% |
2 Bedrooms | $226.2K | $239.5K | +5.9% |
3 Bedrooms | $369.6K | $370.4K | 0.2% |
4 Bedrooms | $522.5K | $504.1K | -3.5% |
5+ Bedrooms | $741.6K | $782.5K | +5.5% |
Summary: Orlando housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Belle Isle | $500K | $582K | +16.4% |
Orlando | $360.1K | $379.9K | +5.5% |
Winter Garden-Ocoee | $399.2K | $412.5K | +3.3% |
Edgewood | $440K | $425K | -3.4% |
Winter Park | $537.6K | $480.8K | -10.6% |
Housing Supply in Orlando, FL
How many homes are available in Orlando, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,995 | 4,185 | +4.8% |
Summary: The Orlando real estate market had 4,185 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 283 | 313 | +10.6% |
2 Bedrooms | 816 | 889 | +8.9% |
3 Bedrooms | 1,616 | 1,639 | +1.4% |
4 Bedrooms | 946 | 976 | +3.2% |
5+ Bedrooms | 334 | 368 | +10.2% |
Summary: The Orlando housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
782 | 917 | +17.3% |
Asking Price vs. Sold Price
565 Homes Were Sold
Under Asking
202 Homes Were Sold
At Asking
150 Homes Were Sold
Over Asking
Summary: A total of 917 homes were sold or pending in Orlando in March 2024, up by 17.3% month-over-month. Of the 917 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 41 Days | -4.6% |
Summary: Homes in Orlando had an average of 41 days on market in Mar 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
539 Homes Were Sold
Under 30 Days
242 Homes Were Sold
In 30 - 90 Days
136 Homes Were Sold
Over 90 Days
Summary: During March 2024, 917 homes were sold in Orlando; 59% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.