Is Orlando, 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, Orlando has remained a Seller's Market.
Housing Prices in Orlando, FL
How much do homes in Orlando, FL cost?
Median Sold Price
$381,094
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orlando was $381,094 in April 2024, up 5.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $160K | 0.0% |
2 Bedrooms | $229.9K | $240K | +4.4% |
3 Bedrooms | $365.8K | $374.8K | +2.5% |
4 Bedrooms | $512.2K | $506.9K | -1.0% |
5+ Bedrooms | $742.5K | $784.6K | +5.7% |
Summary: Orlando housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Belle Isle | $500K | $587.5K | +17.5% |
Orlando | $362K | $381K | +5.3% |
Winter Garden-Ocoee | $399.8K | $411.9K | +3.0% |
Winter Park | $511.4K | $485.6K | -5.0% |
Edgewood | $448K | $421K | -6.0% |
Housing Supply in Orlando, FL
How many homes are available in Orlando, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,296 | 4,272 | -0.6% |
Summary: The Orlando real estate market had 4,272 homes for sale in April 2024, a 0.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 303 | 288 | -5.0% |
2 Bedrooms | 879 | 908 | +3.3% |
3 Bedrooms | 1,729 | 1,714 | -0.9% |
4 Bedrooms | 1,017 | 986 | -3.0% |
5+ Bedrooms | 368 | 376 | +2.2% |
Summary: The Orlando housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
973 | 937 | -3.7% |
Asking Price vs. Sold Price
573 Homes Were Sold
Under Asking
208 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Summary: A total of 937 homes were sold or pending in Orlando in April 2024, down by 3.7% month-over-month. Of the 937 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 41 Days | +13.7% |
Summary: Homes in Orlando had an average of 41 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
548 Homes Were Sold
Under 30 Days
253 Homes Were Sold
In 30 - 90 Days
136 Homes Were Sold
Over 90 Days
Summary: During April 2024, 937 homes were sold in Orlando; 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.