Is Orange City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Orange City has remained a Seller's Market.
Housing Prices in Orange City, FL
How much do homes in Orange City, FL cost?
Median Sold Price
$305,066
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orange City was $305,066 in May 2024, down 1.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $200K | +46.0% |
2 Bedrooms | $223K | $230K | +3.1% |
3 Bedrooms | $309.7K | $306K | -1.2% |
4 Bedrooms | $384.7K | $379.4K | -1.4% |
5+ Bedrooms | $390.9K | $429.9K | +10.0% |
Summary: Orange City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
DeBary-Orange City | $329.9K | $350.2K | +6.1% |
Deltona | $304.7K | $320K | +5.0% |
DeBary | $375K | $393.2K | +4.8% |
Orange City | $308.8K | $305K | -1.2% |
Housing Supply in Orange City, FL
How many homes are available in Orange City, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
159 | 155 | -2.5% |
Summary: The Orange City real estate market had 155 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 106 | 103 | -2.8% |
4 Bedrooms | 28 | 26 | -7.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Orange City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 43 | +22.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Orange City in May 2024, up by 22.9% month-over-month. Of the 43 sold homes, 47% were sold under asking, 44% were sold at asking, and 9% were sold over asking.
Days on Market for Orange City, FL
How long does it take to sell a home in Orange City, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -5.8% |
Summary: Homes in Orange City had an average of 35 days on market in May 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Orange City; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.