$4,619 Closing Credit*
$389,000
1,962 SqFt
3 Beds
•2 Full Baths
Juan Santiago Lopez, Listing Office: WF REALTY CORP.
Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Orange County was a Seller's Market.
Key Takeaway
Orange County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Orange County, FL
How much do homes in Orange County, FL cost?
Median Sold Price
$425,589
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,545(+6.4%)
Key Takeaway
Homes in Orange County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Orange County was $425,589 in October 2024, up 6.4% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $160K | 0.0% |
| 2 Bedrooms | $235K | $247.3K | +5.2% |
| 3 Bedrooms | $375K | $395K | +5.3% |
| 4 Bedrooms | $528.1K | $540K | +2.2% |
| 5+ Bedrooms | $781.3K | $807.2K | +3.3% |
Summary: Orange County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
| Orange County | $400K | $425.5K | +6.4% |
| Seminole County | $390.2K | $409.1K | +4.8% |
| Volusia County | $339.9K | $350K | +3.0% |
| Brevard County | $349.9K | $360K | +2.9% |
| Lake County | $366.8K | $375.1K | +2.3% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7,421 | 7,346 | -1.0% |
Summary: The Orange County real estate market had 7,346 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 359 | 367 | +2.2% |
| 2 Bedrooms | 1,200 | 1,205 | 0.4% |
| 3 Bedrooms | 2,869 | 2,846 | -0.8% |
| 4 Bedrooms | 2,039 | 1,995 | -2.2% |
| 5+ Bedrooms | 954 | 933 | -2.2% |
Summary: The Orange County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,297 | 1,106 | -14.7% |
Asking Price vs. Sold Price
723 Homes Were Sold
Under Asking
268 Homes Were Sold
At Asking
115 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 1,106 homes were sold or pending in Orange County in October 2024, down by 14.7% month-over-month. Of the 1,106 sold homes, 65% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for Orange County, FL
How long does it take to sell a home in Orange County, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 48 Days | +48.3% |
Summary: Homes in Orange County had an average of 48 days on market in Oct 2024, up by 48.3% compared to last year.
Breakdown of Home Sale Times
543 Homes Were Sold
Under 30 Days
383 Homes Were Sold
In 30 - 90 Days
180 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1106 homes were sold in Orange County; 49% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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