Is Orinda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Orinda has remained a Seller's Market.
Key Takeaway
Orinda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orinda, CA
How much do homes in Orinda, CA cost?
Median Sold Price
$2,000,000
$813/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orinda have sold for 1% more than they did a year ago.
Summary: The median home sold price in Orinda was $2,000,000 in May 2024, up 1% from last year, and the median price per square foot was $813.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $515K | $455K | -11.7% |
| 2 Bedrooms | $1.1M | $1.2M | +7.8% |
| 3 Bedrooms | $1.6M | $1.6M | 0.0% |
| 4 Bedrooms | $2.1M | $2.1M | -2.0% |
| 5+ Bedrooms | $2.8M | $2.6M | -10.0% |
Summary: Orinda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Moraga | $1.6M | $1.6M | +3.4% |
| Central Contra Costa | $979.5K | $1.0M | +2.1% |
| Orinda | $1.9M | $2.0M | +1.0% |
| Briones | $913.5K | $920K | +0.7% |
| Lafayette | $1.9M | $1.8M | -6.6% |
Housing Supply in Orinda, CA
How many homes are available in Orinda, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 72 | +22.0% |
Summary: The Orinda real estate market had 72 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 17 | 25 | +47.1% |
Summary: The Orinda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 47.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orinda, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Orinda in May 2024, down by 12.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Orinda, CA
How long does it take to sell a home in Orinda, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 11 Days | -27.2% |
Summary: Homes in Orinda had an average of 11 days on market in May 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orinda are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in Orinda; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.