Orlando, FL 32828 Real Estate Market Report

ZIP Code: 32828
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 real estate market in Orlando, FL (ZIP: 32828) reflects a median sold price of $489,500, indicating a shift in market dynamics with a decrease in prices over the past year. This trend suggests a cooling from previous highs, as the market transitions from a strong seller's environment towards a more balanced state. The current median listing price stands at $521,000, which highlights a notable pricing friction between seller expectations and actual transaction values, potentially impacting buyer sentiment.

The market exhibits elevated inventory levels, with a median days on market of 158 days, suggesting slower sales velocity. This extended time frame for properties on the market may indicate a cautious buyer approach amidst the backdrop of elevated interest rate pressure, currently averaging 6.09% for 30-year fixed mortgages. Overall, the market temperature is classified as neutral, reflecting a balance between supply and demand, though the presence of excess supply relative to sales activity may lead to further price stabilization or modest rebounds in the near future.

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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 32828 area average around 6.09% as of February 2026, which is 0.78% lower than the 6.87% average from one year prior.

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 $489,500 indicates a shift in market dynamics, reflecting a decrease in home values over the past year.

2. With a median days on market of 158, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $521,000 reveals a significant gap compared to the sold price, indicating potential pricing friction between seller expectations and market realities.

4. Current interest rate pressure is classified as elevated, which may further influence buyer behavior and overall market activity.

5. The market temperature is neutral, suggesting a balanced environment, though elevated inventory levels indicate excess supply relative to sales activity.

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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.