Is Orchard Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orchard Hills was a Buyer's Market.
Housing Prices in Orchard Hills, CA
How much do homes in Orchard Hills, CA cost?
Median Sold Price
$2,988,000
$941/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orchard Hills was $2,988,000 in April 2024, up 43% from last year, and the median price per square foot was $941.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $599.9K | N/A |
2 Bedrooms | - | $1.2M | N/A |
3 Bedrooms | $1.4M | $1.6M | +12.1% |
4 Bedrooms | $2.1M | $2.9M | +33.5% |
5+ Bedrooms | $3.4M | $4.9M | +46.0% |
Summary: Orchard Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 46%.
Median Sold Price Compared To Nearby Neighborhoods
Orchard Hills | $2.0M | $2.9M | +43.0% |
Portola Springs | $1.2M | $1.6M | +29.9% |
Northwood Point | $1.5M | $1.8M | +19.3% |
Housing Supply in Orchard Hills, CA
How many homes are available in Orchard Hills, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 38 | -11.6% |
Summary: The Orchard Hills real estate market had 38 homes for sale in April 2024, a 11.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 30 | 27 | -10.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Orchard Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 12 | -36.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Orchard Hills in April 2024, down by 36.8% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Orchard Hills, CA
How long does it take to sell a home in Orchard Hills, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 34 Days | +119.4% |
Summary: Homes in Orchard Hills had an average of 34 days on market in Apr 2024, up by 119.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Orchard Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.