Is Orrville, OH 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, Orrville has remained a Seller's Market.
Housing Prices in Orrville, OH
How much do homes in Orrville, OH cost?
Median Sold Price
$213,650
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orrville was $213,650 in April 2024, down 0.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $98.4K | +31.3% |
2 Bedrooms | $201.7K | $175K | -13.3% |
3 Bedrooms | $215K | $215K | 0.0% |
4 Bedrooms | $245K | $245.7K | 0.3% |
5+ Bedrooms | $197.9K | $90.2K | -54.4% |
Summary: Orrville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 54.4%.
Median Sold Price Compared To Nearby Cities
Baughman Township | $237.9K | $237.5K | -0.2% |
Orrville | $215.5K | $213.6K | -0.9% |
Green Township | $203.5K | $190K | -6.6% |
Housing Supply in Orrville, OH
How many homes are available in Orrville, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The Orrville real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orrville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Orrville in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Orrville, OH
How long does it take to sell a home in Orrville, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 24 Days | -58.6% |
Summary: Homes in Orrville had an average of 24 days on market in Apr 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Orrville; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.