$10,000 Closing Credit*
$999,000
2,326 SqFt
4 Beds
•3 Full Baths
Laura Alves, PA, Listing Office: FUSILIER MANAGEMENT GROUP
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 August 2023
At the same time last year, City of Orlando / GOAA was a Buyer's Market.
Key Takeaway
City of Orlando / GOAA is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in City of Orlando / GOAA, FL
How much do homes in City of Orlando / GOAA, FL cost?
Median Sold Price
$799,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$277,445(+53.1%)
Key Takeaway
Homes in City of Orlando / GOAA have sold for 53.1% more than they did a year ago.
Summary: The median home sold price in City of Orlando / GOAA was $799,500 in August 2024, up 53.1% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $396.7K | $480.9K | +21.2% |
| 3 Bedrooms | $473.8K | $526.9K | +11.2% |
| 4 Bedrooms | $559.6K | $724.5K | +29.5% |
| 5+ Bedrooms | $1.0M | $925K | -10.9% |
Summary: City of Orlando / GOAA housing prices by bedroom type for August 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 11.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| City of Orlando / GOAA | $522K | $799.5K | +53.1% |
| Lake Nona South | $676.5K | $665K | -1.7% |
Housing Supply in City of Orlando / GOAA, FL
How many homes are available in City of Orlando / GOAA, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 77 | 81 | +5.2% |
Summary: The City of Orlando / GOAA real estate market had 81 homes for sale in August 2024, a 5.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 30 | 26 | -13.3% |
| 5+ Bedrooms | 28 | 34 | +21.4% |
Summary: The City of Orlando / GOAA housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in City of Orlando / GOAA in August 2024, the same as the previous month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +1.7% |
Summary: Homes in City of Orlando / GOAA had an average of 35 days on market in Aug 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in City of Orlando / GOAA are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 16 homes were sold in City of Orlando / GOAA; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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