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

As of February 2026, the median sold price in Orlando, FL (ZIP: 32824) stands at $399,000, reflecting a market that has seen a slight downward trend in pricing. The neighborhood has decreased 8% since 2022, indicating a softening in home values. This decline in sold prices, coupled with a median listing price of $447,000, suggests a notable pricing friction where seller expectations may not align with current market realities.

The market is characterized by elevated inventory levels and longer median days on market, currently at 180 days. This indicates a slower sales velocity, with the market temperature shifting towards a neutral state. While demand remains supported by job growth and population influx, the current conditions suggest a balanced market where buyers may find opportunities amidst the excess supply relative to sales activity.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 5.76% to 6.09%, which is 0.68% to 0.85% lower than the rates seen one year ago in February 2025.

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 market experiencing downward pressure on home values.

2. With a median listing price of $447,000, there is a significant gap between asking prices and recent sales, suggesting potential pricing friction.

3. The median days on market at 180 days reflects a slower sales velocity, indicating that homes are taking longer to sell.

4. The market temperature is currently neutral, suggesting a balanced state between buyer and seller activity.

5. Rental rates are under pressure, with a median market rent of $2,500, indicating a declining rental market that may favor renters.

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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.