$10,000 Closing Credit*
$2,127,995
4,594 SqFt
4 Beds
•4 Full Baths, 1 Partial
Lynda Stephens, Listing Office: ORLANDO TBI REALTY LLC
Is City of Orlando / GOAA, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, City of Orlando / GOAA has remained a Buyer's Market.
Key Takeaway
City of Orlando / GOAA is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City of Orlando / GOAA, FL
How much do homes in City of Orlando / GOAA, FL cost?
Median Sold Price
$833,148
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$326,215(+64.4%)
Key Takeaway
Homes in City of Orlando / GOAA have sold for 64.4% more than they did a year ago.
Summary: The median home sold price in City of Orlando / GOAA was $833,148 in November 2024, up 64.4% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $396.7K | $480.9K | +21.2% |
| 3 Bedrooms | $474.5K | $572.7K | +20.7% |
| 4 Bedrooms | $526.1K | $769.5K | +46.3% |
| 5+ Bedrooms | $940.7K | $925K | -1.7% |
Summary: City of Orlando / GOAA housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
| City of Orlando / GOAA | $506.9K | $833.1K | +64.4% |
| Lake Nona South | $685K | $670K | -2.2% |
Housing Supply in City of Orlando / GOAA, FL
How many homes are available in City of Orlando / GOAA, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 63 | -16.0% |
Summary: The City of Orlando / GOAA real estate market had 63 homes for sale in November 2024, a 16.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 17 | -22.7% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 28 | 23 | -17.9% |
Summary: The City of Orlando / GOAA housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in City of Orlando / GOAA, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in City of Orlando / GOAA in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for City of Orlando / GOAA, FL
How long does it take to sell a home in City of Orlando / GOAA, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 152 Days | +492.0% |
Summary: Homes in City of Orlando / GOAA had an average of 152 days on market in Nov 2024, up by 492% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in City of Orlando / GOAA are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in City of Orlando / GOAA; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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