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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orleans is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Orleans has remained a Neutral Market.

Key Takeaway

Orleans 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 Orleans, NY

How much do homes in Orleans, NY cost?

Median Sold Price

$342,500

$251/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$125,000(-26.7%)

Key Takeaway

Homes in Orleans have sold for 26.7% less than they did a month ago.

Summary: The median home sold price in Orleans was $342,500 in October 2024, down 26.7% from last month, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$270K
N/A
3 -$415K
N/A
4 $255K-
N/A
5+ $680K-
N/A

Summary: Orleans housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Orleans, NY

How many homes are available in Orleans, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The Orleans real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 66
0.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The Orleans housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orleans, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Orleans in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Orleans, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days35 Days+89.2%

Summary: Homes in Orleans had an average of 35 days on market in Oct 2024, up by 89.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Orleans; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 11 Days Ago

Newest Listings in Orleans, NY

Nearby Markets to Orleans, NY

What housing markets are near Orleans, NY?