Florida


<p>Orlando is not only a vibrant city to live in but also a potential hotspot for property-related investments. This is reflected in our recent report into the housing market trends there. </p>



<h2 class="wp-block-heading" id="h-rising-property-values-amid-a-slowing-market">Rising Property Values amid a Slowing Market</h2>



<p>Median home prices i<a href="https://www.realtytrac.com/resources/orlando-housing-market-flourishes-property-values-rise-despite-slowing-sales-in-2023/">n Orlando rose from $375</a>,000 to approximately $389,000 between December 2022 and December 2023, an increase of roughly 3.7%. </p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="740" height="666" src="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-home-values.png" alt="" class="wp-image-25884" srcset="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-home-values.png 740w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-home-values-300x270.png 300w" sizes="(max-width: 740px) 100vw, 740px" /></figure></div>


<p>The average sold price per square foot grew moderately from $231 to around $234 over this period.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="741" height="609" src="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-price-per-sq-foot.png" alt="" class="wp-image-25885" srcset="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-price-per-sq-foot.png 741w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-price-per-sq-foot-300x247.png 300w" sizes="(max-width: 741px) 100vw, 741px" /></figure></div>


<p>Overall transaction volumes in the Orlando housing marked a downturn. The number of properties sold dropped from 6,890 to 4,955 over the same timeframe, a reduction of almost 28%. This could be attributable to factors such as market saturation, shifts in the economy, or changing buyer tendencies.</p>



<h2 class="wp-block-heading" id="h-property-market-trends-in-nearby-cities">Property Market Trends in Nearby Cities</h2>



<p>In surrounding cities, average property values grew, reflecting the regional trend of escalating real estate prices. </p>



<ul class="wp-block-list">
<li>Zellwood’s property market proved particularly buoyant with a surge from $136,500 to a whopping $194,750 year-over-year – a jump of over 42%. </li>



<li>Yalaha saw a dip from $363,500 to approximately $336,000</li>



<li>Winter Park witnessed a downturn from $433,486 to around $442,019, hinting at a buyer’s market where buyers are negotiating better deals and higher-priced properties are staying on the market for longer.</li>
</ul>



<h2 class="wp-block-heading" id="h-general-trends-increasing-property-values-and-rising-value-per-square-foot">General Trends: Increasing Property Values and Rising Value per Square Foot</h2>



<p>Despite variations in the number of sold properties and average sold prices, the regional housing market displayed ubiquitously increasing property values and a general rise in the average sold price per square foot. </p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="456" src="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-house-price-1024x456.png" alt="" class="wp-image-25886" srcset="https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-house-price-1024x456.png 1024w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-house-price-300x134.png 300w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-house-price-768x342.png 768w, https://nationsinfocor.wpengine.com/wp-content/uploads/2024/01/Orlando-FL-house-price.png 1457w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></div>


<p>Even though the number of property transactions may be taking a hit, property values remain strong and on an upward trajectory, indicating sustained demand in the real estate space across the Orlando region.</p>



<p>In summary, the Orlando area and its nearby cities have shown widely increasing property values with variations in the average sold prices. A decline in sales does not appear to have dampened growing property values and the value per square foot. Collectively, these trends present a robust real estate market where the demand for property continues to remain resilient. As we keep a close eye on these developments, it’s essential for investors and home buyers to stay informed, making data-driven decisions to navigate the dynamic real estate market effectively.</p>


Market Reports

Orlando Housing Market Flourishes & Property Values Rise Despite Slowing Sales in 2023

Property investors and home buyers alike are showing a growing interest in Orlando and nearby cities, and for good reason.

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Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

New York

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The Corpus Christi, Texas real estate market is experiencing a rise in property values, offering potential for long-term investors. The city’s market stability, neighborhood diversity, and promising economic growth present a dynamic environment for various types of buyers.

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Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024

Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024 - RealtyTrac

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Illinois

Property Values and Sales on the Rise in Savannah, Georgia – April 2024

Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

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Orlando Housing Market Flourishes & Property Values Rise Despite Slowing Sales in 2023

$27,000

$242,900

$379,900