Is Orleans, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orleans is a buyer's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Orleans was a Seller's Market.

Key Takeaway

Orleans is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Orleans, MA cost?

Median Sold Price

$740,000

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

-$37,062(-4.8%)

Key Takeaway

Homes in Orleans have sold for 4.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $394.6K$417.5K
+5.8%
2 $442.5K$417.5K
-5.6%
3 $716K$775K
+8.2%
4 $1.1M$1.4M
+29.0%
5+ $2.1M$1.6M
-25.3%

Median Sold Price Compared To Nearby Cities

Chatham
+38.2%
Harwich
+22.4%
Brewster
+20.0%
Eastham
+19.3%
Orleans
-4.8%

How many homes are available in Orleans, MA?

Number of Homes For Sale

Apr 2022May 2022%
2532+28.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 33
0.0%
2 64
-33.3%
3 36
+100.0%
4 913
+44.4%
5+ 46
+50.0%

Number of Homes Sold

Apr 2022May 2022%
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orleans, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
18 Days24 Days+27.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Orleans, MA

Number of homes for sale in Orleans, MA real estate market have reached 32. Between April 2022 and May 2022, Orleans, MA real estate market has seen increase in the number of listings by 28%. While the average time on the market in May 2022 was 24 days, the median list price was $740,000. This housing market listing prices have changed between April 2022 and May 2022: prices of 1 bedroom properties went up by 5.8%, prices of 2 bedrooms properties went down by 5.6%, 3 bedrooms properties prices increased by 8.2%, the cost of 4 bedrooms properties went up by 29%, prices of 5 bedrooms properties decreased by 25.3%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 33.3%, number of 3 bedrooms homes increased by 100%, number of 4 bedrooms homes increased by 44.4%, 5 bedrooms homes became 50% more available. Over 1 listings were sold over their listed price in May 2022 in Orleans, MA. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.

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