Orlando Real Estate Guide
As a staple city of the sunshine state, Orlando is peaking peoples’ interests who are moving down south. With ample tourist attractions, a diverse dining scene, and expansive city developments, it’s no surprise that locals and visitors alike are dying to get a piece of Orlando real estate.
Whether you’re looking to buy or sell a home in Orlando, you’ll want a professional by your side to help navigate this competitive market. With decades of valuable industry experience, the experts at Mark Spain Real Estate are more than well-equipped to guide you through the Orlando housing market. Below, we’ve compiled a comprehensive guide to Orlando real estate for potential buyers and sellers of this Floridian metro.
Orlando Real Estate Guide
Orlando Real Estate Overview
Whether selling a home or buying one, you should study the Orlando housing market before making any decisions. Our experts recommend evaluating the following factors before buying or selling an Orlando property:
Median Listing Price
The median listing price in Orlando is $409,000 as of June 2023.
Number of Active Listings
The number of active listings in Orlando as of June 2023 is 10,875 listings, up 1% from June 2022.
Days on Market
As of June 2023, the average number of days on the market for an Orlando home listing is 41 days, showing a 156% increase from June 2022.
How Much Do Homes in Orlando Sell For?
The median sale price of an Orlando home is $368,000 as of June 2023. The city of Orlando fosters a flourishing real estate market, with the average home receiving multiple offers, some with waived contingencies. Of those giving offers, 65% are Orlando homebuyers looking to relocate within the Orlando metropolitan area. The remaining 35% of Orlando’s buyer pool are those seeking to relocate to other metros, with some of the most popular locations being New York, Washington, DC, and Miami.
When Is the Best Time to Buy or Sell a Home in Orlando?
Because of its flourishing housing market, there’s never a “bad” time to sell or buy a home in Orlando. With over 10,000 active listings in June 2023, Orlando real estate is continuously robust and plentiful for sellers and buyers alike. However, there may be certain times of year in which supply and demand are higher than usual, causing market conditions to shift in either a seller’s or buyer’s favor.
For example, summer in Orlando tends to be the most fruitful season for home sellers. Sellers who list their homes in May tend to experience the quickest sale, while June listers gain the best deals. However, that doesn’t mean sellers can’t still benefit from selling their home in fall or winter. Because of Orlando’s warm climate, the “cooler” season doesn’t tend to have as extreme an effect on buyers, as they are typically still motivated to go house hunting in the Florida sunshine.
When it comes to Orlando buyers, purchase timelines depend on each buyer’s individual needs. To find a home for a lower listing price, buyers might wait till the fall to start looking. Home inventory might be lower during this time, but those on the market will be discounted or up for price for negotiations.
On the other hand, if a buyer wants to choose from the broadest selection possible, they’ll look for homes in the spring. The beginning of the warmer seasons marks a flourishing time for Orlando real estate, with supply and demand both at its peak. But ultimately, Orlando’s sunny disposition makes for a thriving real estate market year-round.
How Can I Sell My Home Fast in Orlando?
Orlando’s housing market has the perfect setup for a quick sale. With market conditions in the seller’s court, Orlando real estate is no stranger to extensive home inventories and buyers pools, competitive pricing, and streamlined sales. In June 2023, the average day spent on the market for an Orlando property was 41 days. Though this is relatively quick, sellers can take extra steps toward a fast home sale to move on quicker to their next chapter.
As a seller, one foolproof way to sell your home quickly is to hire an experienced real estate agent like those at Mark Spain Real Estate. Our expert listing consultants facilitate quick and easy selling experiences for our Orlando clients. With top-performing selling strategies and an extensive network of market resources, our agents help sellers overcome any obstacles standing in the way of their quick sale.
What Are the Best Neighborhoods in Orlando?
Orlando is home to some of Florida’s best residential areas and neighboring cities. With a diverse selection of communities, from lively city hubs to secluded suburbs, Orlando real estate truly has it all. Read below for our comprehensive list of some of Orlando’s best residential communities and nearby cities.
A popular spot among locals and visitors alike, downtown Orlando truly has it all. With countless venues, restaurants, businesses, and attractions, downtown Orlando caters to anyone who likes adventure. You’ll find residents here from all walks of life, from young professionals to retirees.
As one of the most recognizable areas in central Florida, Kissimmee is a hub for all things culture, food, entertainment, and more. This Floridian gem offers numerous real estate opportunities, from mansions in gated communities to charming starter homes.
Located between Gainesville and Orlando, Ocala is a prime location for those seeking to explore the sunshine state. From quaint starter homes to tropical Floridian flats, Ocala real estate offers diverse options for families and singles alike. With a rich history and stunning scenery, who wouldn’t want to plant their roots in Ocala?
Just 25 miles northwest of downtown Orlando, Apopka offers ample opportunities for exploration. Residents love this Floridian gem for its dense suburban feel and laid-back atmosphere.
Only 30 minutes north of the heart of Orlando, Sanford is one of Florida’s most up-and-coming cities. With stunning scenery, ample attractions, and a small-town atmosphere, Sanford is the perfect palace to settle down in the sunshine state.
Just 26 miles southeast of Orlando, Saint Cloud is one of Florida’s best-kept secrets. This one-of-a-kind community boasts a small-town atmosphere with historical sites, antique buildings, and charming shopping options.
Sell a Home in Orlando with Mark Spain Real Estate
Do you want to buy or sell a home in Orlando? The industry professionals at Mark Spain Real Estate are here to help you navigate Orlando real estate. With decades of industry experience, our team will help you become an expert in the Orlando housing market hassle-free! Check out our Guaranteed Offer Program for the potential to receive a competitive cash offer on your home in only 21 days. Contact our agents today!