Is Southwest Orange, 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, Southwest Orange has remained a Seller's Market.
Key Takeaway
Southwest Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Orange, FL
How much do homes in Southwest Orange, FL cost?
Median Sold Price
$544,878
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Southwest Orange have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Southwest Orange was $544,878 in June 2024, up 7.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $173.7K | +5.3% |
| 2 Bedrooms | $263.5K | $262.1K | -0.5% |
| 3 Bedrooms | $430.1K | $446.7K | +3.9% |
| 4 Bedrooms | $629.9K | $653.8K | +3.8% |
| 5+ Bedrooms | $955.8K | $1.0M | +12.5% |
Summary: Southwest Orange housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Southwest Orange | $508.8K | $544.8K | +7.1% |
| Winter Garden | $547.4K | $579.6K | +5.9% |
| Windermere | $725.5K | $767.2K | +5.8% |
Housing Supply in Southwest Orange, FL
How many homes are available in Southwest Orange, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,850 | 1,801 | -2.6% |
Summary: The Southwest Orange real estate market had 1,801 homes for sale in June 2024, a 2.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 74 | 72 | -2.7% |
| 2 Bedrooms | 276 | 267 | -3.3% |
| 3 Bedrooms | 580 | 559 | -3.6% |
| 4 Bedrooms | 520 | 494 | -5.0% |
| 5+ Bedrooms | 400 | 409 | +2.3% |
Summary: The Southwest Orange housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 375 | 322 | -14.1% |
Asking Price vs. Sold Price
225 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Orange, you may be able to get a good deal. 69.9% of homes here sold below asking price last month.
Summary: A total of 322 homes were sold or pending in Southwest Orange in June 2024, down by 14.1% month-over-month. Of the 322 sold homes, 70% were sold under asking, 21% were sold at asking, and 9% were sold over asking.
Days on Market for Southwest Orange, FL
How long does it take to sell a home in Southwest Orange, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 45 Days | +23.0% |
Summary: Homes in Southwest Orange had an average of 45 days on market in Jun 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
195 Homes Were Sold
Under 30 Days
77 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Orange are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 322 homes were sold in Southwest Orange; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.