Is Orange, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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, CT
How much do homes in Orange, CT cost?
Median Sold Price
$538,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Orange have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Orange was $538,000 in March 2024, up 7.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.7K | $350K | +51.0% |
| 2 Bedrooms | $396.6K | $425K | +7.1% |
| 3 Bedrooms | $495K | $557.5K | +12.6% |
| 4 Bedrooms | $547.5K | $601.5K | +9.9% |
| 5+ Bedrooms | $707.5K | $665K | -6.0% |
Summary: Orange housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Derby | $265K | $307.5K | +16.0% |
| New Haven | $279.7K | $320K | +14.4% |
| West Haven | $287.2K | $320K | +11.4% |
| Orange | $500.5K | $538K | +7.5% |
| Milford | $401.1K | $430K | +7.2% |
Housing Supply in Orange, CT
How many homes are available in Orange, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Orange real estate market had 21 homes for sale in March 2024, a 4.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orange housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Orange in March 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Orange, CT
We’re sorry, we don't have information for this market at the moment
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