$4,619 Closing Credit*
$389,000
1,962 SqFt
3 Beds
•2 Full Baths
Juan Santiago Lopez, Listing Office: WF REALTY CORP.
Is Orlando, 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, 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
$392,389
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,373(+4.6%)
Key Takeaway
Homes in Orlando have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Orlando was $392,389 in October 2024, up 4.6% 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 | $159.9K | 0% |
| 2 Bedrooms | $230.2K | $245K | +6.4% |
| 3 Bedrooms | $369.2K | $379.9K | +2.9% |
| 4 Bedrooms | $500K | $517.7K | +3.6% |
| 5+ Bedrooms | $746.1K | $795.3K | +6.6% |
Summary: Orlando 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 6.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Edgewood | $440K | $518K | +17.7% |
| Belle Isle | $555K | $620K | +11.7% |
| Orlando | $375K | $392.3K | +4.6% |
| Winter Park | $477.8K | $478.9K | 0.2% |
| Winter Garden-Ocoee | $410K | $410K | 0.0% |
Housing Supply in Orlando, FL
How many homes are available in Orlando, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4,518 | 4,514 | -0.1% |
Summary: The Orlando real estate market had 4,514 homes for sale in October 2024, a 0.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 333 | 338 | +1.5% |
| 2 Bedrooms | 935 | 938 | 0.3% |
| 3 Bedrooms | 1,785 | 1,773 | -0.7% |
| 4 Bedrooms | 1,035 | 1,035 | 0.0% |
| 5+ Bedrooms | 430 | 430 | 0.0% |
Summary: The Orlando housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 755 | 642 | -15.0% |
Asking Price vs. Sold Price
444 Homes Were Sold
Under Asking
128 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orlando, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 642 homes were sold or pending in Orlando in October 2024, down by 15.0% month-over-month. Of the 642 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 48 Days | +52.5% |
Summary: Homes in Orlando had an average of 48 days on market in Oct 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
314 Homes Were Sold
Under 30 Days
233 Homes Were Sold
In 30 - 90 Days
95 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 October 2024, 642 homes were sold in Orlando; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.