Is Orange, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orange has remained a Seller's Market.
Housing Prices in Orange, CA
How much do homes in Orange, CA cost?
Median Sold Price
$990,037
$591/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orange was $990,037 in April 2024, up 7.6% from last year, and the median price per square foot was $591.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $437.5K | $445K | +1.7% |
2 Bedrooms | $645K | $668K | +3.6% |
3 Bedrooms | $858.7K | $960K | +11.8% |
4 Bedrooms | $1.1M | $1.1M | +4.5% |
5+ Bedrooms | $1.3M | $1.4M | +4.9% |
Summary: Orange housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Tustin | $963.7K | $1.0M | +9.5% |
Anaheim-Santa Ana-Garden Grove | $850K | $916K | +7.8% |
Orange | $920K | $990K | +7.6% |
Anaheim | $810.2K | $864.6K | +6.7% |
Housing Supply in Orange, CA
How many homes are available in Orange, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
193 | 194 | +0.5% |
Summary: The Orange real estate market had 194 homes for sale in April 2024, a 0.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 72 | 72 | 0.0% |
4 Bedrooms | 55 | 57 | +3.6% |
5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Orange housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 63 | +3.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Orange in April 2024, up by 3.3% month-over-month. Of the 63 sold homes, 21% were sold under asking, 14% were sold at asking, and 65% were sold over asking.
Days on Market for Orange, CA
How long does it take to sell a home in Orange, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -33.7% |
Summary: Homes in Orange had an average of 19 days on market in Apr 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Orange; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.