Is Orange Township, OH 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, Orange Township has remained a Seller's Market.
Housing Prices in Orange Township, OH
How much do homes in Orange Township, OH cost?
Median Sold Price
$518,595
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Orange Township was $518,595 in February 2024, up 15% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290.2K | $317K | +9.2% |
3 Bedrooms | $390K | $405K | +3.8% |
4 Bedrooms | $510K | $584.7K | +14.7% |
5+ Bedrooms | $672.5K | $687.5K | +2.2% |
Summary: Orange Township 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 increased by 9.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Cities
Orange Township | $450.8K | $518.5K | +15.0% |
Columbus City Township | $350K | $388K | +10.9% |
Lewis Center | $451.5K | $493K | +9.2% |
Westerville | $379.9K | $399K | +5.0% |
Westerville City Township | $418.1K | $415K | -0.7% |
Housing Supply in Orange Township, OH
How many homes are available in Orange Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
108 | 122 | +13.0% |
Summary: The Orange Township real estate market had 122 homes for sale in February 2024, a 13.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 50 | 54 | +8.0% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Orange Township 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 increased by 23.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Orange Township in February 2024, up by 41.2% month-over-month. Of the 24 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% were sold over asking.
Days on Market for Orange Township, OH
How long does it take to sell a home in Orange Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 27 Days | -37.1% |
Summary: Homes in Orange Township had an average of 27 days on market in Feb 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in Orange Township; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.