Is Orleans, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Orleans was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $260K | -52.7% |
2 Bedrooms | $485K | $410.5K | -15.4% |
3 Bedrooms | $998K | $1.0M | +7.5% |
4 Bedrooms | $1.6M | $1.4M | -16.9% |
5+ Bedrooms | $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%.
Housing Supply in Orleans, MA
How many homes are available in Orleans, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 15 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 3 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 129 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
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.