Is Orange Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orange Park was a Seller's Market.
Housing Prices in Orange Park, FL
How much do homes in Orange Park, FL cost?
Median Sold Price
$335,625
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orange Park was $335,625 in May 2024, up 6.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $147.5K | +11.7% |
2 Bedrooms | $222.2K | $195K | -12.3% |
3 Bedrooms | $280.1K | $289.9K | +3.5% |
4 Bedrooms | $379.6K | $384.5K | +1.3% |
5+ Bedrooms | $459.5K | $520K | +13.2% |
Summary: Orange Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Orange Park | $314.9K | $335.6K | +6.5% |
Jacksonville East | $340.1K | $355.4K | +4.5% |
Jacksonville | $299.2K | $304.9K | +1.9% |
Fleming Island | $430K | $430K | 0.0% |
Jacksonville West | $244.9K | $245K | 0.0% |
Housing Supply in Orange Park, FL
How many homes are available in Orange Park, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
432 | 482 | +11.6% |
Summary: The Orange Park real estate market had 482 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 36 | 40 | +11.1% |
3 Bedrooms | 183 | 199 | +8.7% |
4 Bedrooms | 178 | 199 | +11.8% |
5+ Bedrooms | 34 | 43 | +26.5% |
Summary: The Orange Park 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 increased by 11.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 79 | -8.1% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Orange Park in May 2024, down by 8.1% month-over-month. Of the 79 sold homes, 44% were sold under asking, 41% were sold at asking, and 15% were sold over asking.
Days on Market for Orange Park, FL
How long does it take to sell a home in Orange Park, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 47 Days | -35.2% |
Summary: Homes in Orange Park had an average of 47 days on market in May 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 79 homes were sold in Orange Park; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.