Is Orient, OH 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, Orient was a Buyer's Market.
Key Takeaway
Orient is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orient, OH
How much do homes in Orient, OH cost?
Median Sold Price
$315,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orient have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Orient was $315,000 in May 2024, up 1.6% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37.5K | - | N/A |
| 2 Bedrooms | $251K | $222K | -11.6% |
| 3 Bedrooms | $302K | $315K | +4.3% |
| 4 Bedrooms | $355K | $346.5K | -2.4% |
| 5+ Bedrooms | $510K | $386K | -24.3% |
Summary: Orient housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Scioto Township | $330K | $382.4K | +15.9% |
| Pleasant Township | $306.7K | $345K | +12.5% |
| Orient | $309.9K | $315K | +1.6% |
Housing Supply in Orient, OH
How many homes are available in Orient, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The Orient real estate market had 23 homes for sale in May 2024, a 8.0% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orient 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 decreased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orient, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Orient in May 2024, down by 41.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Orient, OH
How long does it take to sell a home in Orient, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 112 Days | 7 Days | -93.2% |
Summary: Homes in Orient had an average of 7 days on market in May 2024, down by 93.2% compared to last year.
Breakdown of Home Sale Times
6 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 Orient are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Orient; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.