Orlando, FL 32824 Real Estate Market Report
ZIP Code: 32824
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Orlando FL are 6.50% compared to the 6.88% average observed in January 2026, representing a potential reduction in borrowing costs for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value is indicated by the median sold price $400,000, which serves as the most representative recent transaction level and shows that actual transaction prices are below current seller asking levels (median listing price $434,900), suggesting pricing friction between seller expectations and closed sales.
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Given the prolonged median days on market of 191, transaction velocity appears slower than typical seasonal norms and may indicate moderate selling resistance—buyers may have greater time to negotiate on offers.
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Inventory conditions in the analyzed sample show elevated inventory relative to sales activity, which, combined with the gap between median listing price and median sold price, suggests increased leverage for buyers and neutral market balance rather than a tight seller market.
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Broader trend signals are mixed: the price year-over-year trend is down and rent year-over-year trend is down, while market temperature is neutral and interest rate pressure is moderate; additionally, Current 30-year fixed mortgage rates in Orlando FL are 6.50% compared to the 6.88% average observed in January 2026, representing a potential reduction in borrowing costs for property owners in this market (down for prices and rents; moderate interest rate pressure).
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Orlando, FL 32824 Real Estate Market Report
ZIP Code: 32824
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Orlando FL are 6.50% compared to the 6.88% average observed in January 2026, representing a potential reduction in borrowing costs for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market indicator is the median sold price 269,900, which best reflects recent transaction values and should be prioritized over asking prices when valuing properties in 32824; recent trend signals for sold prices are down.
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There is a meaningful spread between the median listing price 254,950 and the median sold price 269,900, which may indicate pricing friction or sellers adjusting expectations when compared to representative recent sales.
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Market velocity is slow based on the median days on market 227, suggesting slower sales velocity and that listings may require longer exposure to reach agreement; combined with the sample's relatively constrained active supply, this appears to support a balanced-to-slightly cooling market.
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Rental and financing context is mixed: median market rent 1,750 is tracking down, while interest rate pressure is moderate and current 30-year fixed mortgage rates are noted at 6.50% compared to a 6.88% average in January 2026, which may modestly reduce borrowing costs for owners and investors.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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