Is Orange, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Orange has remained a Seller's Market.

Key Takeaway

Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Orange, CA cost?

Median Sold Price

$946,856

$552/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$117,697(+14.2%)

Key Takeaway

Homes in Orange have sold for 14.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $370K$425.5K
+15.0%
2 $530K$640K
+20.8%
3 $796.5K$885K
+11.1%
4 $948.9K$1.1M
+18.0%
5+ $1.2M$1.3M
+10.7%

Median Sold Price Compared To Nearby Cities

Villa Park
+32.8%
Tustin
+22.1%
Orange
+14.2%
Anaheim
+13.7%
Anaheim-Santa Ana-Garden Grove
+12.3%

How many homes are available in Orange, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
285248-13.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 85
-37.5%
2 4634
-26.1%
3 10297
-4.9%
4 9281
-12.0%
5+ 3731
-16.2%

Number of Homes Sold

Sep 2022Oct 2022%
9176-16.5%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orange, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days31 Days+70.3%

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orange are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Orange, CA

Orange, CA has 248 homes for sale to choose from. Between September 2022 and October 2022, Orange, CA real estate market has seen decrease in the number of listings by 13%. In October 2022, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $946,856. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 15% more expensive, the cost of 2 bedrooms properties went up by 20.8%, prices of 3 bedrooms properties went up by 11.1%, 4 bedrooms properties became 18% more expensive, 5 bedrooms properties became 10.7% more expensive. This housing market inventory have changed: number of 1 bedroom homes decreased by 37.5%, number of 2 bedrooms homes decreased by 26.1%, number of 3 bedrooms homes decreased by 4.9%, the quantity of 4 bedrooms homes went down by 12%, the quantity of 5 bedrooms homes went down by 16.2%. In October 2022, from all listings sold in Orange, CA there were more than 24 sold above asking price, over 36 sold below and more than 16 were sold right at the asked price.

Related Housing Market Reports