Is Orange, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,016,495
$607/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Orange was $1,016,495 in June 2024, up 11.2% from last year, and the median price per square foot was $607.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $447.5K | +2.9% |
2 Bedrooms | $650K | $668K | +2.8% |
3 Bedrooms | $860K | $980K | +14.0% |
4 Bedrooms | $1.1M | $1.2M | +12.3% |
5+ Bedrooms | $1.3M | $1.4M | +6.0% |
Summary: Orange housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Orange | $914.5K | $1.0M | +11.2% |
Tustin | $972.5K | $1.0M | +10.5% |
Anaheim-Santa Ana-Garden Grove | $849.5K | $936.2K | +10.2% |
Anaheim | $802.5K | $880K | +9.7% |
Villa Park | $1.9M | $2.1M | +8.0% |
Housing Supply in Orange, CA
How many homes are available in Orange, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
229 | 207 | -9.6% |
Summary: The Orange real estate market had 207 homes for sale in June 2024, a 9.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 11 | -21.4% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 85 | 67 | -21.2% |
4 Bedrooms | 79 | 74 | -6.3% |
5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The Orange housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 55 | -40.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Orange in June 2024, down by 40.9% month-over-month. Of the 55 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 14 Days | -38.5% |
Summary: Homes in Orange had an average of 14 days on market in Jun 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 55 homes were sold in Orange; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.