Is Southwest Orange, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Orange is a seller's market

Buyer's
Market

Difference Since March 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

$533,967

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$33,563(+6.7%)

Key Takeaway

Homes in Southwest Orange have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Southwest Orange was $533,967 in March 2024, up 6.7% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147.7K$172K
+16.4%
2 $255.4K$265K
+3.8%
3 $430K$436.7K
+1.6%
4 $629.8K$650K
+3.2%
5+ $926.8K$1.0M
+15.4%

Summary: Southwest Orange housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Cities

Southwest Orange
+6.7%
Winter Garden
+6.4%
Windermere
-1.8%

Housing Supply in Southwest Orange, FL

How many homes are available in Southwest Orange, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,5061,565+3.9%

Summary: The Southwest Orange real estate market had 1,565 homes for sale in March 2024, a 3.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 6770
+4.5%
2 222253
+14.0%
3 492490
-0.4%
4 439431
-1.8%
5+ 286321
+12.2%

Summary: The Southwest Orange housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 12.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
249316+26.9%

Asking Price vs. Sold Price

219 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Orange, you may be able to get a good deal. 69.3% of homes here sold below asking price last month.

Summary: A total of 316 homes were sold or pending in Southwest Orange in March 2024, up by 26.9% month-over-month. Of the 316 sold homes, 69% were sold under asking, 19% were sold at asking, and 12% 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

Mar 2023Mar 2024CHANGE
48 Days47 Days-0.7%

Summary: Homes in Southwest Orange had an average of 47 days on market in Mar 2024, down by 0.7% compared to last year.

Breakdown of Home Sale Times

190 Homes Were Sold
Under 30 Days

70 Homes Were Sold
In 30 - 90 Days

56 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southwest Orange are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 316 homes were sold in Southwest Orange; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Southwest Orange, FL

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