Is Orange, MA 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, MA
How much do homes in Orange, MA cost?
Median Sold Price
$284,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 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 $284,500 in March 2024, up 3.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.5K | $257K | +14.5% |
| 2 Bedrooms | $255K | $280.9K | +10.2% |
| 3 Bedrooms | $277.3K | $300.5K | +8.3% |
| 4 Bedrooms | $210K | $282K | +34.3% |
| 5+ Bedrooms | $270K | $247.5K | -8.3% |
Summary: Orange housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Athol | $285K | $296K | +3.9% |
| Orange | $275K | $284.5K | +3.5% |
Housing Supply in Orange, MA
How many homes are available in Orange, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Orange real estate market had 31 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Orange housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Orange in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Orange, MA
How long does it take to sell a home in Orange, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 27 Days | -41.9% |
Summary: Homes in Orange had an average of 27 days on market in Mar 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Orange; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
