Orlando, FL 32824 Real Estate Market Report

ZIP Code: 32824
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Orlando, FL (ZIP: 32824) currently stands at $399,000, reflecting a market that has shown signs of recovery with prices trending up. This upward movement suggests a shift from previous price declines towards modest appreciation, which is further supported by the $424,950 median listing price indicating seller expectations may be higher than current market realities. The neighborhood has experienced a notable increase in activity, although the 199 days on market indicates a slower sales velocity, suggesting that while demand remains, buyers are taking their time to make decisions.

Inventory levels appear to be elevated relative to sales activity, leading to longer days on market. This dynamic may indicate a balanced market, where both buyers and sellers have room to negotiate. The underlying demand remains strong due to significant regional population growth, yet the elevated interest rate pressure, with current mortgage rates averaging between 5.9% and 6.26%, could dampen some buyer enthusiasm moving forward. Overall, the market temperature is currently assessed as neutral, reflecting a balance between supply and demand.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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 the Orlando, FL market average around 5.9% to 6.26%, which is notably higher than the 5.6% average seen in early February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $399,000 indicates a recovering market, with prices showing signs of modest appreciation.

2. Current median listing price of $424,950 suggests seller expectations may be higher than actual market conditions.

3. The 199 days on market reflects slower sales velocity, indicating buyers are taking longer to make purchasing decisions.

4. Elevated inventory levels relative to sales activity suggest a balanced market, allowing for negotiation opportunities for both buyers and sellers.

5. The market temperature is assessed as neutral, indicating a balance between supply and demand despite elevated interest rate pressure.

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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.