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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange Park is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Orange Park 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 Park, FL

How much do homes in Orange Park, FL cost?

Median Sold Price

$328,601

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,768(+0.8%)

Key Takeaway

Homes in Orange Park have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Orange Park was $328,601 in November 2024, up 0.8% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124K$150K
+21.0%
2 $215K$199.5K
-7.2%
3 $285K$280K
-1.8%
4 $375K$383.9K
+2.4%
5+ $470K$490K
+4.3%

Summary: Orange Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Jacksonville East
+6.0%
Fleming Island
+5.7%
Jacksonville
+2.4%
Orange Park
+0.8%
Jacksonville West
0.4%

Housing Supply in Orange Park, FL

How many homes are available in Orange Park, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
504488-3.2%

Summary: The Orange Park real estate market had 488 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 4138
-7.3%
3 203206
+1.5%
4 196179
-8.7%
5+ 6063
+5.0%

Summary: The Orange Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8671-17.4%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orange Park, you may be able to get a good deal. 62% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Orange Park in November 2024, down by 17.4% month-over-month. Of the 71 sold homes, 62% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Orange Park, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days61 Days-2.2%

Summary: Homes in Orange Park had an average of 61 days on market in Nov 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orange Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 71 homes were sold in Orange Park; 41% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 31% 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 17 Days Ago

Newest Listings in Orange Park, FL

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