Orlando, FL 32828 Real Estate Market Report
ZIP Code: 32828
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 the 32828 Orlando market average 6.3% compared to the 6.0% typical for loans originated earlier in 2026, indicating that property owners who secured financing earlier this year currently hold a more favorable rate.
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 $475,000, which establishes recent transaction value and suggests pricing stability in the neighborhood; price trends are upward year-over-year which supports cautious confidence for sellers.
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The median listing price $500,000 sits above the median sold price, indicating a spread between seller expectations and completed transactions that may create pricing friction and suggests sellers should consider more competitive positioning to improve sales velocity; market temperature is neutral.
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Extended selling timelines are evident with median days on market 173, which points to slower transaction velocity and suggests buyers have time to negotiate—agents should plan longer marketing windows and sellers should prioritize staging and targeted pricing; slower sales velocity.
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Market-level pressures include interest rate pressure elevated and median market rent $2,485 with rent year-over-year trend down, which together may soften investor demand and shorten upside for rental-based acquisitions; elevated 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 above market average
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.
Sold below market average
Sold below market average
Orlando, FL 32828 Real Estate Market Report
ZIP Code: 32828
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 the 32828 Orlando market average 6.3% compared to the 6.0% typical for loans originated earlier in 2026, indicating that property owners who secured financing earlier this year currently hold a more favorable rate.
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, median sold price $265,000, signals a stable transaction level that aligns with modest appreciation trends; combined with a price year-over-year trend up, this suggests price growth is present but not overheated.
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Despite the proximity of median listing price $262,900 to the median sold price, the market shows pricing friction driven by a long median days on market 253, which appears to indicate slower sales velocity rather than rapid turnover.
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Liquidity appears balanced with a market temperature neutral, and the sample data points to a relatively constrained active supply that may support price stability rather than sharp moves in either direction.
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Macro headwinds are evident: interest rate pressure elevated and local mortgage comparisons note current 30-year fixed rates at 6.3% versus 6.0% earlier in 2026, a dynamic that may temper buyer purchasing power while rent trends (rent year-over-year trend down) reduce short-term rental upside.
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.
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
Sold below 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, 1.1% 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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