Is City Of Orange Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, City Of Orange Township has remained a Buyer's Market.
Key Takeaway
City Of Orange Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City Of Orange Township, NJ
How much do homes in City Of Orange Township, NJ cost?
Median Sold Price
$555,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in City Of Orange Township have sold for 37% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $450K | +80.0% |
| 3 Bedrooms | $385K | $570K | +48.1% |
| 4 Bedrooms | $577K | - | N/A |
| 5+ Bedrooms | $850K | - | N/A |
Summary: City Of Orange Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 48.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| City Of Orange Township | $405K | $555K | +37.0% |
| Orange | $405K | $555K | +37.0% |
Housing Supply in City Of Orange Township, NJ
How many homes are available in City Of Orange Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 90 | +16.9% |
Summary: The City Of Orange Township real estate market had 90 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 37 | 40 | +8.1% |
Summary: The City Of Orange Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in City Of Orange Township, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in City Of Orange Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for City Of Orange Township, NJ
We’re sorry, we don't have information for this market at the moment
