Is East Orange, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Orange is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, East Orange was a Seller's Market.

Key Takeaway

East Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Orange, FL

How much do homes in East Orange, FL cost?

Median Sold Price

$529,687

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,426(+1.4%)

Key Takeaway

Homes in East Orange have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in East Orange was $529,687 in November 2024, up 1.4% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$372.5K
N/A
2 $280K$317.5K
+13.4%
3 $434.4K$439.9K
+1.3%
4 $587K$588.1K
0.2%
5+ $790K$775K
-1.9%

Summary: East Orange 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 13.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Mims
+8.8%
Orlando
+5.0%
Union Park
+2.9%
Cocoa-Rockledge
+1.5%
East Orange
+1.4%

Housing Supply in East Orange, FL

How many homes are available in East Orange, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
328338+3.0%

Summary: The East Orange real estate market had 338 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2022
+10.0%
3 9998
-1.0%
4 124127
+2.4%
5+ 8591
+7.1%

Summary: The East Orange 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 increased by 10%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4435-20.5%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Orange, you may be able to get a good deal. 74.3% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in East Orange in November 2024, down by 20.5% month-over-month. Of the 35 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.

Days on Market for East Orange, FL

How long does it take to sell a home in East Orange, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days66 Days+80.9%

Summary: Homes in East Orange had an average of 66 days on market in Nov 2024, up by 80.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Orange has remained consistent over time.

Summary: During November 2024, 35 homes were sold in East Orange; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in East Orange, FL

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