Is Orleans, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $269K | N/A |
| 2 Bedrooms | $422.5K | $501.5K | +18.7% |
| 3 Bedrooms | $860K | $1.0M | +24.4% |
| 4 Bedrooms | $1.4M | $1.5M | +11.5% |
| 5+ Bedrooms | $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%.
Housing Supply
How many homes are available in Orleans, MA?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 41 | 33 | -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
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 9 | 9 | 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 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 7 | 3 | -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
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 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 40 Days | 6 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
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.
