Is Orange County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Orange County was a Seller's Market.
Housing Prices in Orange County, NY
How much do homes in Orange County, NY cost?
Median Sold Price
$407,401
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orange County was $407,401 in March 2024, up 7% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $189.5K | +22.3% |
2 Bedrooms | $265K | $284.2K | +7.3% |
3 Bedrooms | $365K | $393.4K | +7.8% |
4 Bedrooms | $515.7K | $539.9K | +4.7% |
5+ Bedrooms | $500K | $522.5K | +4.5% |
Summary: Orange County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Counties
Ulster County | $374.2K | $410.6K | +9.7% |
Sullivan County | $264.8K | $289.6K | +9.4% |
Orange County | $380.5K | $407.4K | +7.0% |
Putnam County | $450K | $476.7K | +5.9% |
Rockland County | $580.1K | $612.3K | +5.5% |
Housing Supply in Orange County, NY
How many homes are available in Orange County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,293 | 1,321 | +2.2% |
Summary: The Orange County real estate market had 1,321 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 39 | -2.5% |
2 Bedrooms | 186 | 185 | -0.5% |
3 Bedrooms | 532 | 539 | +1.3% |
4 Bedrooms | 381 | 402 | +5.5% |
5+ Bedrooms | 154 | 156 | +1.3% |
Summary: The Orange County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
235 | 191 | -18.7% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 191 homes were sold or pending in Orange County in March 2024, down by 18.7% month-over-month. Of the 191 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.
Days on Market for Orange County, NY
How long does it take to sell a home in Orange County, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 62 Days | -10.0% |
Summary: Homes in Orange County had an average of 62 days on market in Mar 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Summary: During March 2024, 191 homes were sold in Orange County; 40% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.