Is Orange County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orange County was a Seller's Market.
Key Takeaway
Orange County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orange County, TX
How much do homes in Orange County, TX cost?
Median Sold Price
$195,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange County have sold for 15.1% less than they did a year ago.
Summary: The median home sold price in Orange County was $195,000 in May 2024, down 15.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56.7K | $40.5K | -28.6% |
| 2 Bedrooms | $115K | $75K | -34.8% |
| 3 Bedrooms | $204K | $170K | -16.7% |
| 4 Bedrooms | $276.1K | $282.1K | +2.2% |
| 5+ Bedrooms | $329.9K | $318K | -3.6% |
Summary: Orange County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Counties
| Hardin County | $263.4K | $264K | 0.2% |
| Jefferson County | $204.6K | $190.6K | -6.8% |
| Orange County | $229.5K | $195K | -15.1% |
Housing Supply in Orange County, TX
How many homes are available in Orange County, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 | 120 | +11.1% |
Summary: The Orange County real estate market had 120 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 63 | 66 | +4.8% |
| 4 Bedrooms | 28 | 35 | +25.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Orange County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Orange County in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Orange County, TX
How long does it take to sell a home in Orange County, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 66 Days | -1.3% |
Summary: Homes in Orange County had an average of 66 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Orange County has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Orange County; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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