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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orleans is a seller's market

Buyer's
Market

Difference Since February 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

$1,000,250

$475/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$99,750(-9.1%)

Key Takeaway

Homes in Orleans have sold for 9.1% less than they did a year ago.

Summary: The median home sold price in Orleans was $1,000,250 in February 2024, down 9.1% from last year, and the median price per square foot was $475.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $550K$260K
-52.7%
2 $485K$410.5K
-15.4%
3 $998K$1.0M
+7.5%
4 $1.6M$1.4M
-16.9%
5+ $3.2M$2.2M
-28.7%

Summary: Orleans housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.7%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 28.7%.

Median Sold Price Compared To Nearby Cities

Eastham
+8.6%
Brewster
+6.1%
Orleans
-9.1%

Housing Supply in Orleans, MA

How many homes are available in Orleans, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1315+15.4%

Summary: The Orleans real estate market had 15 homes for sale in February 2024, a 15.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 55
0.0%
3 22
0.0%
4 35
+66.7%
5+ 33
0.0%

Summary: The Orleans housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 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 may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Orleans in February 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Feb 2023Feb 2024CHANGE
34 Days129 Days+273.9%

Summary: Homes in Orleans had an average of 129 days on market in Feb 2024, up by 273.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 February 2024, 3 homes were sold in Orleans; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

Newest Listings in Orleans, MA

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