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 November 2021

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.

How much do homes in Southwest Orange, FL cost?

Median Sold Price

$487,228

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$66,146(+15.7%)

Key Takeaway

Homes in Southwest Orange have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $130K$138K
+6.2%
2 $210.1K$250.7K
+19.3%
3 $340K$414.6K
+22.0%
4 $494.7K$609.9K
+23.3%
5+ $747.6K$886.6K
+18.6%

Median Sold Price Compared To Nearby Cities

Winter Garden
+22.1%
Southwest Orange
+15.7%
Windermere
+6.7%

How many homes are available in Southwest Orange, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
1,2451,158-7.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 5544
-20.0%
2 155158
+1.9%
3 397366
-7.8%
4 380359
-5.5%
5+ 258231
-10.5%

Number of Homes Sold

Oct 2022Nov 2022%
268198-26.1%

Asking Price vs. Sold Price

134 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

24 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. 67.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days40 Days+57.6%

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

67 Homes Were Sold
In 30 - 90 Days

25 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.

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

About Southwest Orange, FL

Number of homes for sale in Southwest Orange, FL real estate market have reached 1,158. In November 2022 in Southwest Orange, FL there were 7% less homes for sale than in October 2022. The median list price of listings available in November 2022 was $487,228, while the average time on the real estate market was 40 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 6.2%, prices of 2 bedrooms properties went up by 19.3%, prices of 3 bedrooms properties increased by 22%, 4 bedrooms properties became 23.3% more expensive, prices of 5 bedrooms properties went up by 18.6%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 20%, the quantity of 2 bedrooms homes went up by 1.9%, 3 bedrooms homes became 7.8% less available, the quantity of 4 bedrooms homes went down by 5.5%, 5 bedrooms homes inventory decreased by 10.5%. Southwest Orange, FL housing market in November 2022 saw over 24 listings sold above listed price, more than 40 sold at listed price and over 134 sold below.

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