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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orinda is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Orinda was a Buyer's Market.

Key Takeaway

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

Housing Prices in Orinda, CA

How much do homes in Orinda, CA cost?

Median Sold Price

$1,975,000

$813/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$125,000(-6.0%)

Key Takeaway

Homes in Orinda have sold for 6% less than they did a year ago.

Summary: The median home sold price in Orinda was $1,975,000 in February 2024, down 6% from last year, and the median price per square foot was $813.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $510K$485K
-4.9%
2 $1.3M$1.2M
-3.3%
3 $1.7M$1.6M
-4.1%
4 $2.3M$2.1M
-7.6%
5+ $2.8M$2.7M
-5.0%

Summary: Orinda housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities

Moraga
+2.9%
Briones
+2.2%
Central Contra Costa
-4.0%
Orinda
-6.0%
Lafayette
-8.7%

Housing Supply in Orinda, CA

How many homes are available in Orinda, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2435+45.8%

Summary: The Orinda real estate market had 35 homes for sale in February 2024, a 45.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 812
+50.0%
4 1113
+18.2%
5+ 58
+60.0%

Summary: The Orinda housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
514+180.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orinda, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Orinda in February 2024, up by 180.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.

Days on Market for Orinda, CA

How long does it take to sell a home in Orinda, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
29 Days31 Days+7.6%

Summary: Homes in Orinda had an average of 31 days on market in Feb 2024, up by 7.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Orinda; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 27 Days Ago

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