$6,092 Closing Credit*
$513,000
2,092 SqFt
3 Beds
•2 Full Baths
Tracy Nuetzi, Listing Office: EXP REALTY LLC
Is Orange County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Orange County was a Seller's Market.
Key Takeaway
Orange County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orange County, FL
How much do homes in Orange County, FL cost?
Median Sold Price
$427,010
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,965(+5.7%)
Key Takeaway
Homes in Orange County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Orange County was $427,010 in November 2024, up 5.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $160K | 0% |
| 2 Bedrooms | $235.3K | $247.1K | +5.0% |
| 3 Bedrooms | $376.9K | $395K | +4.8% |
| 4 Bedrooms | $529.8K | $539.4K | +1.8% |
| 5+ Bedrooms | $785.2K | $811.3K | +3.3% |
Summary: Orange County 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 5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Counties
| Orange County | $404K | $427K | +5.7% |
| Seminole County | $391.1K | $409.5K | +4.7% |
| Brevard County | $349.9K | $360.5K | +3.0% |
| Lake County | $366.6K | $376.9K | +2.8% |
| Volusia County | $348.5K | $355K | +1.8% |
Housing Supply in Orange County, FL
How many homes are available in Orange County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7,370 | 7,274 | -1.3% |
Summary: The Orange County real estate market had 7,274 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 337 | 351 | +4.2% |
| 2 Bedrooms | 1,187 | 1,219 | +2.7% |
| 3 Bedrooms | 2,868 | 2,837 | -1.1% |
| 4 Bedrooms | 2,053 | 1,972 | -3.9% |
| 5+ Bedrooms | 925 | 895 | -3.2% |
Summary: The Orange County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,214 | 1,023 | -15.7% |
Asking Price vs. Sold Price
656 Homes Were Sold
Under Asking
244 Homes Were Sold
At Asking
123 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. 64.1% of homes here sold below asking price last month.
Summary: A total of 1,023 homes were sold or pending in Orange County in November 2024, down by 15.7% month-over-month. Of the 1,023 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 55 Days | +66.9% |
Summary: Homes in Orange County had an average of 55 days on market in Nov 2024, up by 66.9% compared to last year.
Breakdown of Home Sale Times
486 Homes Were Sold
Under 30 Days
309 Homes Were Sold
In 30 - 90 Days
228 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 November 2024, 1023 homes were sold in Orange County; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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