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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange is a neutral's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Orange, OH cost?

Median Sold Price

$465,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,000(+8.1%)

Key Takeaway

Homes in Orange have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $380K-
N/A
2 $507.5K$445K
-12.3%
3 $323.5K$330K
+2.0%
4 $463K$550K
+18.8%
5+ $435K$720K
+65.5%

Median Sold Price Compared To Nearby Cities

Warrensville Heights
+31.3%
Beachwood
+23.1%
Pepper Pike
+15.2%
Orange
+8.1%

How many homes are available in Orange, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
1512-20.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 53
-40.0%
4 55
0.0%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
52 Days48 Days-7.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Orange, OH

Orange, OH has 12 homes on the market. In November 2022 in Orange, OH there were 20% less homes for sale than in October 2022. While the average time on the market in November 2022 was 48 days, the median list price was $465,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 12.3% more cheaper, prices of 3 bedrooms properties increased by 2%, the cost of 4 bedrooms properties went up by 18.8%, the cost of 5 bedrooms properties went up by 65.5%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 40% less available, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes went down by 25%. While more than 1 listings in Orange, OH in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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