Is Orangetown, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orangetown is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Orangetown was a Neutral Market.

Key Takeaway

Orangetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orangetown, NY

How much do homes in Orangetown, NY cost?

Median Sold Price

$636,750

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$49,250(+8.4%)

Key Takeaway

Homes in Orangetown have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Orangetown was $636,750 in April 2024, up 8.4% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $245K$260K
+6.1%
2 $385K$520K
+35.1%
3 $570.2K$592.5K
+3.9%
4 $645K$700K
+8.5%
5+ $825K$865K
+4.8%

Summary: Orangetown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Orangetown
+8.4%
Blauvelt
+7.7%
Pearl River
+7.1%
Orangeburg
+5.1%
West Nyack
+4.8%

Housing Supply in Orangetown, NY

How many homes are available in Orangetown, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
156168+7.7%

Summary: The Orangetown real estate market had 168 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1311
-15.4%
2 2229
+31.8%
3 4348
+11.6%
4 5152
+2.0%
5+ 2728
+3.7%

Summary: The Orangetown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2334+47.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orangetown, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Orangetown in April 2024, up by 47.8% month-over-month. Of the 34 sold homes, 47% were sold under asking, 9% were sold at asking, and 44% were sold over asking.

Days on Market for Orangetown, NY

How long does it take to sell a home in Orangetown, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
61 Days56 Days-7.9%

Summary: Homes in Orangetown had an average of 56 days on market in Apr 2024, down by 7.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orangetown are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 34 homes were sold in Orangetown; 56% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 3 Days Ago

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