Orange County FL 2024 Real Estate Market Recap
The Orange County real estate market in 2024 showcased a dynamic blend of stability and growth, with rising home prices and a consistent demand for properties. Here’s a detailed look at the key trends and insights for the year:
Market Highlights
Total Properties Sold: 16,473, slightly down from 16,737 in 2023.
Median Sold Price: $435,000, a 4.8% increase from $415,000 in 2023.
Median Days on Market: 23, up from 14 in 2023, reflecting a slightly slower pace.
Property Breakdown
Single-family homes: 11,923
Townhouses: 1,806
Condos: 2,172
Sales Trends
The total sales volume climbed to over $9 billion, surpassing 2023’s $8.6 billion. Homes priced between $400,000 and $500,000 dominated the market, maintaining strong buyer interest.
Buyer Activity
Cash Sales: 4,678
Financing Sales: 11,460
Sellers achieved 97% of their original list price, a slight dip from 97.9% in 2023.
Luxury Market Performance
Highest Sale: A breathtaking 9,254 sq. ft. home in Disney’s Golden Oak sold for $15,750,000.
Million-Dollar Sales: 1,220 homes sold for $1M+, up from 1,127 in 2023, highlighting growth in the luxury market.
What to Expect in 2025
Orange County’s upward trajectory in home values and luxury sales signifies continued interest from both local and out-of-state buyers. If you’re considering buying or selling, staying informed about these trends is essential.