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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orange Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Orange Township has remained a Seller's Market.

Key Takeaway

Orange Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orange Township, OH

How much do homes in Orange Township, OH cost?

Median Sold Price

$536,666

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$34,166(+6.8%)

Key Takeaway

Homes in Orange Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Orange Township was $536,666 in September 2024, up 6.8% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $304.5K$316.9K
+4.1%
3 $413.5K$422.3K
+2.1%
4 $565.1K$580K
+2.6%
5+ $704K$728.3K
+3.5%

Summary: Orange Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Lewis Center
+9.2%
Orange Township
+6.8%
Westerville
+5.9%

Housing Supply in Orange Township, OH

How many homes are available in Orange Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2821-25.0%

Summary: The Orange Township real estate market had 21 homes for sale in September 2024, a 25.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 96
-33.3%
4 1210
-16.7%
5+ 43
-25.0%

Summary: The Orange Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

5 Homes Were 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 Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Orange Township in September 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
13 Days272 Days+1858.8%

Summary: Homes in Orange Township had an average of 272 days on market in Sep 2024, up by 1858.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Orange Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 5 homes were sold in Orange Township; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% 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 30 Days Ago

Newest Listings in Orange Township, OH

Nearby Markets to Orange Township, OH

What housing markets are near Orange Township, OH?