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

Housing Market Conditions



Gauge showing Orange is a seller's market


Difference Since February 2023

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.

Housing Prices in Orange, CA

How much do homes in Orange, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Orange have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Orange was $962,291 in February 2024, up 3.5% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $442.5K$435K
2 $648.5K$667.7K
3 $869.5K$932K
4 $1.1M$1.1M
5+ $1.4M$1.3M

Summary: Orange housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Cities

Anaheim-Santa Ana-Garden Grove
Villa Park

Housing Supply in Orange, CA

How many homes are available in Orange, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Orange real estate market had 165 homes for sale in February 2024, a 3.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 77
2 2827
3 5654
4 4751
5+ 2126

Summary: The Orange housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 23.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orange, you could pay more than the asking price. 51.8% of homes here sold above asking price last month.

Summary: A total of 56 homes were sold or pending in Orange in February 2024, up by 21.7% month-over-month. Of the 56 sold homes, 36% were sold under asking, 13% were sold at asking, and 52% 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

Feb 2023Feb 2024CHANGE
55 Days30 Days-43.7%

Summary: Homes in Orange had an average of 30 days on market in Feb 2024, down by 43.7% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 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.

Summary: During February 2024, 56 homes were sold in Orange; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Orange, CA

Nearby Markets to Orange, CA

What housing markets are near Orange, CA?