Orlando, FL 32829 Real Estate Market Report

ZIP Code: 32829
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Orlando, FL (ZIP: 32829) reflects a median sold price of $416,000, indicating a stable market condition. The neighborhood has increased 0% since 2023, suggesting a relatively stable pricing environment. The current market dynamics are characterized by elevated inventory levels, with a notable gap between the median listing price of $460,000 and the median sold price, which may indicate pricing friction and seller expectations that exceed current buyer willingness.

Transaction activity appears moderate, with 271 days on market indicating slower sales velocity. This extended time frame may suggest that buyers are taking a more cautious approach, influenced by elevated interest rate pressure, which currently averages between 6.13% and 6.62% for 30-year fixed mortgages. Despite these challenges, the underlying economic fundamentals remain strong, supporting continued housing demand in the area.

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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 32829 area average around 6.13% to 6.62%, which is slightly lower than the national 2026 average of 6.43% seen in mid-March.

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 stands at $416,000, reflecting stable market conditions despite elevated inventory levels.

2. With 271 days on market, the sales velocity is slower, indicating a cautious buyer sentiment in the current market environment.

3. The median listing price of $460,000 suggests potential pricing friction as it exceeds the median sold price, which may impact seller strategies.

4. Rental prices are experiencing a slight decline, with a median market rent of $2,530, offering some relief to renters in the area.

5. The market temperature is currently neutral, suggesting a balanced state 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.