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 September 2022

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.

Housing Prices

How much do homes in Orleans, MA cost?

Median Sold Price

$1,070,000

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2022

+$145,000(+15.7%)

Key Takeaway

Homes in Orleans have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Orleans was $1,070,000 in September 2023, up 15.7% from last year, and the median price per square foot was $499.

Median Sold Price By Bedroom Count

# BEDSSep 2022Sep 2023CHANGE
1 -$269K
N/A
2 $422.5K$501.5K
+18.7%
3 $860K$1.0M
+24.4%
4 $1.4M$1.5M
+11.5%
5+ $2.1M$1.9M
-8.5%

Summary: Orleans housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 8.5%.

Median Sold Price Compared To Nearby Cities

Orleans
+15.7%
Brewster
+7.5%
Eastham
+3.6%

Housing Supply

How many homes are available in Orleans, MA?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE
4133-19.5%

Summary: The Orleans real estate market had 33 homes for sale in September 2023, a 19.5% decrease compared to August 2023.

Homes For Sale By Bedroom Count

# BEDSAug 2023Sep 2023CHANGE
1 21
-50.0%
2 1110
-9.1%
3 96
-33.3%
4 107
-30.0%
5+ 99
0.0%

Summary: The Orleans housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2023Sep 2023CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were 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.

Summary: A total of 3 homes were sold or pending in Orleans in September 2023, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market

How long does it take to sell a home in Orleans, MA?

Average Sale Time

Sep 2022Sep 2023CHANGE
40 Days6 Days-84.2%

Summary: Homes in Orleans had an average of 6 days on market in Sep 2023, down by 84.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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.

Summary: During September 2023, 3 homes were sold in Orleans; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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Nearby Markets

What housing markets are near Orleans, MA?