Market Overview
The 32803 zip code, covering neighborhoods like Colonialtown and parts of Downtown Orlando, is experiencing a year of moderate but positive growth in its real estate market. As of April 2025, the average home value stands at $468,330, reflecting a slight 0.2% increase over the past year[1]. The median sold price is higher, at $499,500, which is up 6.3% year-over-year[2]. Listing prices are also trending upward, with a median listing price of $566,000 in March 2025, a 3.1% annual increase[3].
Price Trends and Inventory
- Median Sold Price (April 2025): $499,500 (+6.3% YoY)[2]
- Median Listing Price (March 2025): $566,000 (+3.1% YoY)[3]
- Median Price per Sq Ft: $350–$355[2][3][4]
- Average Home Value: $468,330 (+0.2% YoY)[1]
- Median Sales Price (Recent): $505,000 (+8.0% YoY)[4]
Inventory is on the rise, with 171 homes for sale in April 2025-an 11% increase from the previous month[2]. This uptick in supply is helping to balance the market, giving buyers more options and easing the competition that has characterized previous years[5][6].
Market Dynamics
- Time on Market: Homes are selling faster, with an average of 23 days on the market in April 2025, down 27.7% from the previous year[2]. However, some sources note an average of 37 to 52 days, indicating variability depending on property type and price point[4].
- Sales Below Asking: Over half (54.5%) of homes sold below asking price in April 2025, suggesting buyers have more negotiating power[2].
- Market Balance: The increase in inventory and stabilization of prices point toward a more balanced market, moving away from the strong seller’s market of past years[5][6].
Neighborhood and Property Type Insights
- Home prices in 32803 range widely, from $50,000 to $2,195,000, reflecting the area’s mix of historic bungalows, new townhomes, and luxury properties[7].
- Price appreciation varies by bedroom count, with 4-bedroom homes seeing the largest jump (+20.4% YoY), while 2-bedroom and 5+ bedroom homes have seen slight declines[2].
- Most homes are selling within 30 days, especially those priced competitively and in desirable locations[2].
Wider Orlando Market Context
Orlando as a whole is experiencing modest growth, with a stabilizing trend in home values and a move toward a balanced market. Population growth, economic expansion, and infrastructure improvements continue to drive demand, but rising inventory is providing relief for buyers[5][6]. Mortgage rates are expected to remain stable through 2025, further supporting market activity[5].
Rental and Investment Outlook
The rental market in Orlando is stabilizing, with average rents around $2,000 per month and a slight decrease in rent growth, indicating a balanced environment for both tenants and investors[6]. The build-to-rent sector and institutional investment in single-family rentals are notable trends, especially as some buyers are priced out of homeownership[6].
Summary Table: Key 32803 Real Estate Metrics (2025)
|
Metric |
Value (2025) |
YoY Change |
|
Median Sold Price |
$499,500 |
+6.3% |
|
Median Listing Price |
$566,000 |
+3.1% |
|
Median Price per Sq Ft |
$350–$355 |
+1.4% to +3% |
|
Average Home Value |
$468,330 |
+0.2% |
|
Avg. Days on Market |
23–37 |
-27.7% |
|
Inventory (April 2025) |
171 homes |
+11% MoM |
|
% Sold Below Asking |
54.5% |
- |
Outlook for Buyers and Sellers
- Buyers: Benefit from increased inventory, more negotiating power, and less urgency as price growth moderates. However, desirable homes still sell quickly, so readiness is key[5][2][6].
- Sellers: Should price competitively and be prepared for negotiations, as the market is no longer as tilted in their favor as in previous years[5][6].
- Investors: The rental market remains attractive, with steady demand and institutional interest in single-family rentals[6].
Conclusion
The 32803 real estate market in 2025 is characterized by steady price growth, increased inventory, and a shift toward market balance. Both buyers and sellers can find opportunities, but success will depend on understanding local trends, pricing strategies, and acting decisively in a still-active market[1][5][2][3][4][6].
Citations:
- https://www.zillow.com/home-values/72229/orlando-fl-32803/
- https://rocket.com/homes/market-reports/fl/32803
- https://www.realtor.com/realestateandhomes-search/32803/overview
- https://www.redfin.com/zipcode/32803/housing-market
- https://www.wilsonmanagementgroup.com/blog/orlando-housing-market-forecast-all-you-need-to-know-in-2025
- https://www.searchflamls.com/blog/what-to-expect-from-orlando-fls-real-estate-market-in-2025/
- https://www.realtytrac.com/market-trends/orlando-fl-32803/
