Is Orleans, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orleans was a Neutral Market.
Key Takeaway
Orleans is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orleans, MA
How much do homes in Orleans, MA cost?
Median Sold Price
$896,000
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Orleans have sold for 29.7% less than they did a year ago.
Summary: The median home sold price in Orleans was $896,000 in April 2024, down 29.7% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $278K | +6.9% |
| 2 Bedrooms | $505K | $429.5K | -15.0% |
| 3 Bedrooms | $998K | $1.0M | +7.2% |
| 4 Bedrooms | $1.6M | $1.3M | -15.4% |
| 5+ Bedrooms | $3.0M | $2.6M | -14.0% |
Summary: Orleans housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 14%.
Housing Supply in Orleans, MA
How many homes are available in Orleans, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Orleans real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Orleans housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orleans, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Orleans in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Orleans, MA
How long does it take to sell a home in Orleans, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 83 Days | +142.8% |
Summary: Homes in Orleans had an average of 83 days on market in Apr 2024, up by 142.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orleans are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Orleans; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
