Is Southwest Orange, 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, Southwest Orange has remained a Seller's Market.
Housing Prices in Southwest Orange, FL
How much do homes in Southwest Orange, FL cost?
Median Sold Price
$536,459
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Orange was $536,459 in April 2024, up 6.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $171K | +6.9% |
2 Bedrooms | $264.6K | $262.1K | -0.9% |
3 Bedrooms | $430K | $439.6K | +2.2% |
4 Bedrooms | $630.3K | $650.4K | +3.2% |
5+ Bedrooms | $925K | $1.0M | +15.7% |
Summary: Southwest Orange housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Southwest Orange | $505.5K | $536.4K | +6.1% |
Winter Garden | $541.7K | $574.9K | +6.1% |
Windermere | $730.8K | $763.1K | +4.4% |
Housing Supply in Southwest Orange, FL
How many homes are available in Southwest Orange, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,634 | 1,634 | 0.0% |
Summary: The Southwest Orange real estate market had 1,634 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 74 | 70 | -5.4% |
2 Bedrooms | 243 | 251 | +3.3% |
3 Bedrooms | 519 | 528 | +1.7% |
4 Bedrooms | 473 | 452 | -4.4% |
5+ Bedrooms | 325 | 333 | +2.5% |
Summary: The Southwest Orange housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
333 | 308 | -7.5% |
Asking Price vs. Sold Price
208 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 308 homes were sold or pending in Southwest Orange in April 2024, down by 7.5% month-over-month. Of the 308 sold homes, 68% were sold under asking, 22% were sold at asking, and 10% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 48 Days | +5.4% |
Summary: Homes in Southwest Orange had an average of 48 days on market in Apr 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
161 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
53 Homes Were Sold
Over 90 Days
Summary: During April 2024, 308 homes were sold in Southwest Orange; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.