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.
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
$379,947
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Orlando have sold for 5.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Orlando, you may be able to get a good deal. 61.6% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Orlando are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.