32798
Orlando, Florida
Orlando 32798 needs watching.
The 32798 ZIP code in Orlando, Florida has a median sale price of $240K, down -36.9% year-over-year. Homes spend an average of 127 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32798.
The 32798 market shows significant price contraction, with the median sale price settling at $239,650 after a sharp 36.9% year-over-year decline. Homes are averaging 127 days on market, well above the typical 30-60 day range in healthy Florida submarkets. The absence of any homes selling above list price signals a complete reversal from the bidding war environment that characterized Orlando metro through 2024, indicating buyers now control price negotiations entirely.
This environment heavily favors cash buyers and patient investors with capital reserves who can absorb the extended holding periods. First-time buyers previously priced out of Orlando's appreciation cycle now face minimal competition and negotiating leverage on every transaction. Sellers face unfavorable conditions across all metrics, particularly those who purchased during the 2022-2024 peak period and may now be underwater on recent acquisitions given the 36.9% erosion in values.
The PropIQ score of 45 sits in cautionary territory, suggesting the price discovery phase remains incomplete and further downside risk exists before stabilization. The 127-day absorption rate indicates supply still exceeds demand at current pricing levels, meaning additional price cuts likely precede any volume recovery. Market participants should monitor whether days-on-market begins contracting below 100 days, which would signal the first evidence of supply-demand rebalancing in this ZIP code.
What is the median home price in 32798 Orlando?
The median sale price in 32798 is $240K, down -36.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Orlando 32798?
Homes in 32798 Orlando spend an average of 127 days on market before going under contract.
Is Orlando 32798 a good place to invest in real estate?
Folio's PropIQ™ score for 32798 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 32798?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 45 = Caution in 32798 Orlando, Florida.