Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, FL
How much do homes in Orange County, FL cost?
Median Sold Price
$415,041
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Orange County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Orange County was $415,041 in April 2024, up 5.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $160K | +2.6% |
| 2 Bedrooms | $235K | $240.3K | +2.3% |
| 3 Bedrooms | $369.9K | $385.6K | +4.3% |
| 4 Bedrooms | $514.4K | $543.6K | +5.7% |
| 5+ Bedrooms | $732.3K | $806.1K | +10.1% |
Summary: Orange County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Counties
| Orange County | $394.7K | $415K | +5.1% |
| Seminole County | $384.3K | $399.9K | +4.1% |
| Volusia County | $335K | $347.6K | +3.8% |
| Brevard County | $350K | $353.8K | +1.1% |
| Lake County | $370K | $369.7K | -0.1% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6,687 | 6,702 | 0.2% |
Summary: The Orange County real estate market had 6,702 homes for sale in April 2024, a 0.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 341 | 331 | -2.9% |
| 2 Bedrooms | 1,132 | 1,170 | +3.4% |
| 3 Bedrooms | 2,620 | 2,598 | -0.8% |
| 4 Bedrooms | 1,826 | 1,792 | -1.9% |
| 5+ Bedrooms | 768 | 811 | +5.6% |
Summary: The Orange County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,494 | 1,446 | -3.2% |
Asking Price vs. Sold Price
871 Homes Were Sold
Under Asking
357 Homes Were Sold
At Asking
218 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 60.2% of homes here sold below asking price last month.
Summary: A total of 1,446 homes were sold or pending in Orange County in April 2024, down by 3.2% month-over-month. Of the 1,446 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Orange County, FL
How long does it take to sell a home in Orange County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +6.1% |
Summary: Homes in Orange County had an average of 42 days on market in Apr 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
839 Homes Were Sold
Under 30 Days
391 Homes Were Sold
In 30 - 90 Days
216 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1446 homes were sold in Orange County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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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.