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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orangetown is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Orangetown was a Buyer's Market.

Key Takeaway

Orangetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Orangetown, NY

How much do homes in Orangetown, NY cost?

Median Sold Price

$636,750

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,750(+7.9%)

Key Takeaway

Homes in Orangetown have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Orangetown was $636,750 in March 2024, up 7.9% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $237.5K$262.5K
+10.5%
2 $385K$530K
+37.7%
3 $576K$585.5K
+1.6%
4 $645K$694.5K
+7.7%
5+ $820K$870K
+6.1%

Summary: Orangetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 37.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Orangetown
+7.9%
Orangeburg
+6.1%
Pearl River
+5.0%
West Nyack
-1.4%

Housing Supply in Orangetown, NY

How many homes are available in Orangetown, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
139149+7.2%

Summary: The Orangetown real estate market had 149 homes for sale in March 2024, a 7.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 814
+75.0%
2 1720
+17.6%
3 4039
-2.5%
4 4850
+4.2%
5+ 2626
0.0%

Summary: The Orangetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1823+27.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 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. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Orangetown in March 2024, up by 27.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% 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

Mar 2023Mar 2024CHANGE
71 Days32 Days-54.8%

Summary: Homes in Orangetown had an average of 32 days on market in Mar 2024, down by 54.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 23 homes were sold in Orangetown; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% 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 19 Days Ago

Newest Listings in Orangetown, NY

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