Is Orangetown, 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, Orangetown was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $262.5K | +10.5% |
2 Bedrooms | $385K | $530K | +37.7% |
3 Bedrooms | $576K | $585.5K | +1.6% |
4 Bedrooms | $645K | $694.5K | +7.7% |
5+ Bedrooms | $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 | $590K | $636.7K | +7.9% |
Orangeburg | $578K | $613K | +6.1% |
Pearl River | $560K | $588K | +5.0% |
West Nyack | $661K | $652K | -1.4% |
Housing Supply in Orangetown, NY
How many homes are available in Orangetown, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 149 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 14 | +75.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 40 | 39 | -2.5% |
4 Bedrooms | 48 | 50 | +4.2% |
5+ Bedrooms | 26 | 26 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 23 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 32 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
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.