Is Orange, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Orange was a Seller's Market.

Key Takeaway

Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Orange, OH

How much do homes in Orange, OH cost?

Median Sold Price

$580,500

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$78,000(+15.5%)

Key Takeaway

Homes in Orange have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Orange was $580,500 in February 2024, up 15.5% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $417.5K$401K
-4.0%
3 $358.5K$462.5K
+29.0%
4 $595K$608K
+2.2%
5+ $720K$939.9K
+30.5%

Summary: Orange housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 30.5%.

Median Sold Price Compared To Nearby Cities

Orange
+15.5%
Beachwood
+7.4%
Warrensville Heights
+7.2%
Pepper Pike
+5.8%

Housing Supply in Orange, OH

How many homes are available in Orange, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
910+11.1%

Summary: The Orange real estate market had 10 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 22
0.0%
4 55
0.0%
5+ 01
+100.0%

Summary: The Orange housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Orange, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Orange in February 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Orange, OH

How long does it take to sell a home in Orange, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days1 Day-97.9%

Summary: Homes in Orange had an average of 1 days on market in Feb 2024, down by 97.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Orange; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Orange, OH

Nearby Markets to Orange, OH

What housing markets are near Orange, OH?