Is Orange, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Orange has remained a Seller's Market.
Key Takeaway
Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange, OH
How much do homes in Orange, OH cost?
Median Sold Price
$485,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Orange have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Orange was $485,000 in June 2024, down 7.6% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $382K | $397K | +3.9% |
| 3 Bedrooms | $465K | $400K | -14.0% |
| 4 Bedrooms | $687.3K | $584K | -15.0% |
| 5+ Bedrooms | $672.5K | $1.1M | +76.6% |
Summary: Orange housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 76.6%.
Median Sold Price Compared To Nearby Cities
| Pepper Pike | $600K | $690K | +15.0% |
| Warrensville Heights | $115.6K | $122.5K | +5.9% |
| Beachwood | $406K | $395K | -2.7% |
| Orange | $525K | $485K | -7.6% |
Housing Supply in Orange, OH
How many homes are available in Orange, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Orange real estate market had 20 homes for sale in June 2024, a 4.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Orange housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Orange in June 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 37 Days | +35.0% |
Summary: Homes in Orange had an average of 37 days on market in Jun 2024, up by 35% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Orange has remained consistent over time.
Summary: During June 2024, 5 homes were sold in Orange; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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