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March 2026 in One Paragraph
Ninety-four homes closed through the MLS across Lake Nona's two ZIP codes in March, the strongest month of 2026 so far and up from 75 a year earlier. That volume pulled months of supply down to roughly 4.5 from 5.8 in February. On the headline measure, the market loosened.
It did so by conceding. Three of the four Lake Nona segments recorded both their slowest average days on market and their widest gap between original asking price and sale price anywhere in the plotted five-year March range. Homes are clearing again — after longer on the market and at a bigger discount than any March in the record.
- 94 Closings
- 419 Active Listings
- 4.5 Months of Supply
- 5-Year Discount Lows
- 82 & 90 Days Average
- 22% Cash Buyers
| Metric | 32827 | 32832 |
|---|---|---|
| Closed sales | 41 (up from 29 a year earlier) | 53 (up from 46 a year earlier) |
| Median sold price | $675,000 | $525,000 |
| Average sold price | $1,040,594 | $562,964 |
| Average days on market | 82 | 90 |
| Average sale-to-original-list | 94.6% | 94.3% |
| Active listings at month end | 196 (up 8.3% year over year) | 223 (up 14.4% year over year) |
| Months of supply | 4.8 | 4.2 |
| New listings | 70 | 81 |
| New pendings | 55 | 63 |
| All pendings | 64 | 80 |
| Sold dollar volume | $42,664,341 | $29,837,080 |
How Much Is For Sale, and How Does That Compare?
Inventory is still well above normal at 419 listings, but March's 94 closings cut months of supply to about 4.5 — the lowest reading of 2026.
Two things moved in opposite directions. Active listings rose again, ending March about 67% above the five-year March average across the four segments. But closings rose faster, from 66 in February to 94 in March, so the ratio of unsold homes to monthly sales fell for the first time this year.
Months of supply is the measure that matters most here, because unlike a raw listing count it is not inflated by how much new housing Lake Nona has added. On that measure both ZIP codes now sit below the conventional six-month line.
| Segment | March 2026 | 5-year March average | Difference | Months of supply |
|---|---|---|---|---|
| 32827 single-family | 149 | 92 | +62% | 5.1 |
| 32827 condo / townhome | 43 | 32 | +34% | 3.9 |
| 32832 single-family | 131 | 81 | +62% | 3.9 |
| 32832 condo / townhome | 92 | 44 | +109% | 4.8 |
Two of those four segments finished March at the very top of their plotted five-year range: single-family homes in 32827 at 149 listings, and condos and townhomes in 32832 at 92. The other two came close without reaching it — 32832 single-family at 131 against a range top of 134, and 32827 condos at 43 against 44.
One reason not to read the percentages too literally. Lake Nona has added housing quickly over the past five years, so part of that inventory increase is simply more homes existing rather than more homes struggling to sell. The measures that are not affected by how much has been built — months of supply, days on market and the contract ratio — are the ones carrying the argument on this page, and this month they no longer all point the same way.
The segment figures above cover single-family and condo/townhome listings only. The ZIP-level totals in the fast-facts table are slightly higher for 32827 because that report also counts a small number of listings in other property types.
Six months of supply is the conventional line between a buyer's and a seller's market. Lake Nona sat at roughly 4.5 months in March, down from 5.6 in January and 5.8 in February, with 32827 at 4.8 and 32832 at 4.2. That is a real loosening of the backlog — but supply is only one of four measures, and the other three did not improve.
What Does the March Data Mean if You're Buying?
You are buying into the widest discount from original asking price in the five-year March record, but you are competing with more buyers than in January or February.
The strongest fact on this page is what sellers gave up. In three of the four segments, the average sale closed at the very bottom of its plotted five-year March range for sale-to-original-list ratio: 93.5% in 32827 single-family, 94.8% in 32832 single-family, 93.3% in 32832 condos and townhomes. On a $700,000 asking price, a 93.5% ratio is about $45,500 off where the seller started.
Time on market tells the same story. Three of four segments were the slowest of any March in the plotted range: 101 days for 32827 single-family against a five-year average of 58, 85 days for 32832 single-family against 48, and 100 days for 32832 condos and townhomes against 45. A seller three months into a listing negotiates differently from one three weeks in, and March produced a lot of the former.
The contract ratio — pending sales per active listing — still sits far below its five-year March norm in every segment, from 56% below in 32832 single-family to 87% below in 32832 condos and townhomes. MarketStats reads a low ratio as the market sitting in the buyer's favour.
But read the contract ratio against last year, not just the five-year average. In three of the four segments the ratio is higher than it was in March 2025 — 0.36 against 0.28 in 32827 single-family, 0.42 against 0.37 in 32832 single-family, 0.26 against 0.25 in 32827 condos. Only 32832 condos and townhomes fell, from 0.38 to 0.27. The five-year average includes the 2021 and 2022 market, which no one expects to return. Contract activity relative to supply is improving year over year even while it stays far below that historical benchmark.
Worth knowing if you are financing: about 22% of March closings were cash — 21 of 94. Conventional loans covered 54, FHA six and VA five. The cash share has fallen from roughly 31% in January, which modestly improves the odds for a financed offer competing head to head.
Where to be careful: 24 of the 94 March sales closed within ten days of listing, nine of them at zero days on market. Those are largely builder transactions and homes effectively spoken for before they hit the MLS. Exactly the same number — 24 — took more than 120 days. The leverage in this market sits with the aged listings, not with everything on it.
What Does the March Data Mean if You're Selling?
Buyers came back in March, but the average seller still gave up about 5.5% from their original asking price, and most of that came off before an offer arrived.
The sale-to-original-list ratio was 94.6% in 32827 and 94.3% in 32832. The 32832 figure is down from 96.6% a year earlier; 32827 held essentially flat year over year, but its single-family segment still landed at the bottom of the five-year range.
The more useful detail is where the discount happened. Comparing average sold price to the average final asking price gives 95.4% in 32827 and 98.0% in 32832, against original-list ratios of 92.9% and 93.7% on the same basis. In 32832 that means roughly four points of the total discount came off as price reductions before a buyer ever made an offer, and only about two points came out of the negotiation. Homes priced right the first time are not the ones producing these averages.
Supply is still outrunning sales, but by less. Sellers brought 151 new listings to market in March against 94 closings. In January that ratio was 138 to 68. The gap is narrowing, and if it keeps narrowing the inventory build slows.
The number to plan around: average days on market ran 82 in 32827 and 90 in 32832, and both are well above their five-year norms. If you need to be somewhere by a certain date, count backward from roughly three months plus closing time — then price for a market where the average seller conceded 5.5% from their opening number.
If you own a condo or townhome in 32832, this is the segment to watch closely: 92 active listings against a five-year March average of 44, an average of 100 days to sell, and the only segment whose contract ratio fell year over year. Forty of those listings sit in the $300,000 to $399,999 band, against five sales in that band across the whole ZIP code in March.
How Do 32827 and 32832 Compare?
32827 is the higher-priced side and its prices are holding; 32832 sold more homes but saw the sharper price decline.
32827 covers the Laureate Park side and produced 41 closings at a $675,000 median across all property types, averaging 82 days on market and 4.8 months of supply. Its single-family median of $837,000 is actually above the five-year March average of $801,799 and up 7.7% from February, even as that same segment posted its slowest and most-discounted March in the record.
32832 covers the Eagle Creek and Storey Park side and produced 53 closings at a $525,000 median, averaging 90 days and 4.2 months of supply. Its single-family median fell 13.5% year over year to $597,250.
A caution on the 32832 average price. The average sold price in 32832 fell 17.4% year over year, from $681,913 to $562,964 — a much bigger drop than the 5.8% decline in the median. That gap is a mix effect, not a collapse. Attached homes went from 13 of 46 sales to 19 of 53, and sales above $1 million fell from six to three. Holding last March's property mix constant, the average-price decline works out closer to 14% than 17%. The median is the better guide, and it fell 5.8%.
Both condo and townhome medians were flat year over year — $500,000 in 32827 and $415,190 in 32832, each unchanged from March 2025. The declines this month are a single-family story.
One caution before leaning on the segment detail: the 32827 condo and townhome figures rest on 11 sales. That segment is also the one exception to March's discount story, closing at 97.3% of original list while the other three sat at five-year lows. Eleven sales is few enough that one or two unusual transactions move the figure, so treat it as the least reliable number on the page.
Which Price Ranges Were Moving?
The $400,000 to $599,999 range in 32832 cleared fastest; homes above $1 million in 32832 and the $300,000s condo stock are where inventory is deepest relative to sales.
| Price range | Sold, 32827 | Active, 32827 | Sold, 32832 | Active, 32832 |
|---|---|---|---|---|
| Under $300,000 | 0 | 0 | 4 | 5 |
| $300,000 – $399,999 | 3 | 11 | 5 | 41 |
| $400,000 – $499,999 | 6 | 20 | 16 | 55 |
| $500,000 – $599,999 | 6 | 13 | 11 | 40 |
| $600,000 – $799,999 | 10 | 55 | 9 | 37 |
| $800,000 – $999,999 | 6 | 33 | 5 | 13 |
| $1,000,000 and above | 10 | 60 | 3 | 32 |
Your own price range matters more than the market-wide figure. In 32832, 32 homes were listed above $1 million against three that sold — close to eleven months of supply at March's pace. The $300,000 to $399,999 band in the same ZIP carried 41 listings against five sales, about eight months, and 40 of those listings were condos or townhomes.
The top of the 32827 market improved noticeably. Ten homes sold above $1 million there in March against 60 active listings, six months of supply — against more than twelve months in January. That range is clearing now, just slowly and at a discount.
Lake Nona is a large-home market, and March underlined it: 55 of the 93 closings with a bedroom count reported — 59% — had four or more bedrooms, 33 had three and five had two or fewer. Bedroom count drives price more than ZIP code does, but the ZIP gap at the same size is stark: a four-plus-bedroom single-family home averaged $1,464,693 in 32827 against $697,216 in 32832.
Timing split the month in two. Twenty-four closings went under contract within ten days, and another 24 took more than 120 days. Ten of 32832's 53 sales had been on the market longer than six months. Both extremes existed side by side, and which one a given home falls into is mostly a question of price.
What Should You Watch Next?
Whether April holds March's sales volume without further widening the discount is the question this data leaves open.
March delivered the volume: 94 closings, up 25% from a year earlier, with year-to-date sales running about 41% ahead of 2025. What it did not deliver was any improvement in the terms. Days on market and sale-to-original-list ratios both hit five-year March extremes in the same month that sales surged.
That combination usually resolves one of two ways. Either the discounting has done its work and April and May clear inventory at steadier prices, or the volume was bought by the price cuts and each additional month requires another round of them. The contract ratio is the number to watch, and it is currently sending a mixed signal — up year over year in three segments, far below its five-year norm in all four.
Thinking about buying or selling in Lake Nona? A market-wide median is a starting point, not an answer for your street, your price range or your kind of home — and in March those three things pulled hard in different directions. Call/Text David Myers at 407.801.3286, or use the contact form, for the numbers on a specific home or neighborhood.
Lake Nona Market: Frequently Asked Questions
What was the median home price in Lake Nona in March 2026?
It depends which part of Lake Nona and which kind of home. In 32827 the median sold price was $675,000 across all property types, and in 32832 it was $525,000. Broken out further: single-family homes ran an $837,000 median in 32827 and $597,250 in 32832, while condos and townhomes ran $500,000 and $415,190 respectively.
Is Lake Nona a buyer's market or a seller's market in 2026?
March still favours buyers, but less one-sidedly than earlier in the year. Supply fell to about 4.5 months because 94 homes closed, the strongest month of 2026 so far. At the same time three of the four Lake Nona segments recorded both their slowest average days on market and their widest gap between asking and selling price in the plotted five-year March range, and every segment's contract ratio ran 56% to 87% below its five-year March average. Sellers are still the ones conceding.
How much inventory is there in Lake Nona right now?
There were 419 active listings at the end of March, 196 in 32827 and 223 in 32832. Against 94 closings that month, this works out to roughly 4.5 months of supply, or 4.8 months in 32827 and 4.2 months in 32832. Six months is the conventional dividing line between a buyer's and a seller's market, so on this measure alone Lake Nona is back below the line.
How long does it take to sell a home in Lake Nona?
In March the average was 82 days in 32827 and 90 days in 32832. Three of the four segments were the slowest they have been in any March of the plotted five-year range: single-family homes in 32827 averaged 101 days against a five-year average of 58, single-family homes in 32832 averaged 85 against 48, and condos and townhomes in 32832 averaged 100 against 45.
How much below asking price are Lake Nona homes selling for?
The average March closing came in at 94.6% of the original list price in 32827 and 94.3% in 32832 — roughly 5.5% below where the seller started. Three of the four segments sat at the bottom of their plotted five-year March range on this measure, at 93.5%, 94.8% and 93.3%. The exception was condos and townhomes in 32827 at 97.3%, a figure built on only 11 sales.
How many homes sold in Lake Nona in March 2026?
Ninety-four homes closed: 41 in 32827 and 53 in 32832. That is up from 75 in March 2025 and up from 66 in February, making March the busiest month of 2026 so far. Both year-ago figures are large enough that the comparison is reasonably reliable.
Does this report include new construction sales?
Only the new construction that was reported through the MLS. Builders frequently sell directly from a sales office without ever listing the home, and those closings do not appear in this data. Lake Nona is one of the most active new-construction markets in Orlando, so the true number of homes sold in March was almost certainly higher than the 94 counted here, and the resale market is represented more completely than the builder market.
How many Lake Nona buyers pay cash?
About 22% of March closings were cash — 21 of 94. Conventional financing accounted for 54 sales, with FHA covering six and VA five. The cash share fell from roughly 31% in January, which slightly improves the position of a financed buyer competing on the same home.
Which Lake Nona price range has the most homes for sale?
Measured against how fast each range is actually clearing, two stand out. Homes above $1 million in 32832 carried 32 active listings against three sales, roughly ten months of supply. The $300,000 to $399,999 range in 32832 carried 41 listings against five sales, about eight months, and 40 of those 41 were condos or townhomes. By contrast the $400,000 to $599,999 range in 32832 cleared at under four months.
Where these numbers come from. MarketStats by ShowingTime, Local Market Insight and Detailed Report editions for ZIP codes 32827 and 32832, March 2026. Data source: Stellar MLS. Statistics calculated July 7, 2026.
New construction is under-counted. Builders often sell directly from a sales office without listing the home on the MLS, and those closings never enter this data. Lake Nona is one of the most active new-construction markets in the region, so the real number of homes sold in March was very likely higher than 94. That matters most for months of supply, which divides listings by sales: if sales are under-counted, the supply figure reads higher than the true one. It also inflates the cash share, since builder buyers skew toward financing. The resale market is represented far more completely here than the builder market.
ZIP codes are not neighborhood boundaries. 32827 and 32832 are the closest available proxy for the Lake Nona area, but each covers ground that residents would not call Lake Nona, and no ZIP boundary lines up with a neighborhood. For what a specific community is doing, a neighborhood-level look will beat a ZIP-level one every time.
Small samples move a lot. Some segments here rest on few sales — the 32827 condo and townhome figures come from 11 closings, the thinnest on the page, and that segment's 97.3% sale-to-original-list ratio should be treated with more caution than the other three. Single-month changes in a market this size are directional at best.
On "five-year high" and "five-year low." The Local Market Insight reports plot each figure against a five-year range for the same month. Where this report says a segment is at a five-year high or low, it means the March 2026 reading sits at the end of that plotted range.
Two definitions worth knowing. Days on market and the sale-to-original-list ratio are reported here as averages, which is how the source publishes them; a small number of long-listed or deeply discounted homes pulls an average further than it would a median. The contract ratio is pending sales divided by active listings, so a falling ratio means contract activity is shrinking relative to supply.
On combining the two ZIP codes. Counts such as closings, active listings and months of supply are added across ZIP codes. Median prices are not, because a median of two medians is not a median — those are reported separately throughout, which is also the more useful comparison given how differently the two areas priced this month. Segment tables cover single-family and condo/townhome property types; the 32827 ZIP-level totals run slightly higher because that report also counts a few listings and one sale in other property types.
Market data is subject to revision and individual results vary. This is general market information, not advice on a specific property or transaction.
