$8,776 Closing Credit*
$739,000
1,941 SqFt
4 Beds
•3 Full Baths
Bala Mandla, Listing Office: KELLER WILLIAMS ADVANTAGE III REALTY
Is Orlando, 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, Orlando was a Seller's Market.
Key Takeaway
Orlando is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orlando, FL
How much do homes in Orlando, FL cost?
Median Sold Price
$393,946
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,874(+5.0%)
Key Takeaway
Homes in Orlando have sold for 5% more than they did a year ago.
Summary: The median home sold price in Orlando was $393,946 in November 2024, up 5% 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 | $159.9K | -0.1% |
| 2 Bedrooms | $233.1K | $245K | +5.1% |
| 3 Bedrooms | $369K | $379.9K | +3.0% |
| 4 Bedrooms | $499.9K | $518.1K | +3.6% |
| 5+ Bedrooms | $732K | $799.9K | +9.3% |
Summary: Orlando housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Orlando | $375K | $393.9K | +5.0% |
| Belle Isle | $568.5K | $590K | +3.8% |
| Winter Park | $473.7K | $479K | +1.1% |
| Winter Garden-Ocoee | $409.8K | $412K | 0.5% |
Housing Supply in Orlando, FL
How many homes are available in Orlando, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,487 | 4,541 | +1.2% |
Summary: The Orlando real estate market had 4,541 homes for sale in November 2024, a 1.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 309 | 321 | +3.9% |
| 2 Bedrooms | 922 | 945 | +2.5% |
| 3 Bedrooms | 1,774 | 1,788 | +0.8% |
| 4 Bedrooms | 1,073 | 1,067 | -0.6% |
| 5+ Bedrooms | 409 | 420 | +2.7% |
Summary: The Orlando housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 702 | 571 | -18.7% |
Asking Price vs. Sold Price
374 Homes Were Sold
Under Asking
118 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orlando, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.
Summary: A total of 571 homes were sold or pending in Orlando in November 2024, down by 18.7% month-over-month. Of the 571 sold homes, 65% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Orlando, FL
How long does it take to sell a home in Orlando, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 56 Days | +78.6% |
Summary: Homes in Orlando had an average of 56 days on market in Nov 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
264 Homes Were Sold
Under 30 Days
175 Homes Were Sold
In 30 - 90 Days
132 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orlando are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 571 homes were sold in Orlando; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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