Is Orleans County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Orleans County has remained a Seller's Market.
Housing Prices in Orleans County, NY
How much do homes in Orleans County, NY cost?
Median Sold Price
$159,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Orleans County was $159,000 in February 2024, up 2.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.5K | $115K | +7.0% |
2 Bedrooms | $142K | $132.5K | -6.7% |
3 Bedrooms | $165K | $160.5K | -2.7% |
4 Bedrooms | $160K | $180K | +12.5% |
5+ Bedrooms | $205K | $162.4K | -20.8% |
Summary: Orleans County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Counties
Monroe County | $211.6K | $230K | +8.7% |
Niagara County | $189.9K | $198.6K | +4.6% |
Orleans County | $154.5K | $159K | +2.9% |
Genesee County | $175K | $177.8K | +1.6% |
Housing Supply in Orleans County, NY
How many homes are available in Orleans County, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
93 | 73 | -21.5% |
Summary: The Orleans County real estate market had 73 homes for sale in February 2024, a 21.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 6 | -57.1% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 34 | 24 | -29.4% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Orleans County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 17 | -29.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Orleans County in February 2024, down by 29.2% month-over-month. Of the 17 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for Orleans County, NY
How long does it take to sell a home in Orleans County, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 21 Days | -53.8% |
Summary: Homes in Orleans County had an average of 21 days on market in Feb 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in Orleans County; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.