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 February 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

$518,595

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$67,762(+15.0%)

Key Takeaway

Homes in Orange Township have sold for 15% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $290.2K$317K
+9.2%
3 $390K$405K
+3.8%
4 $510K$584.7K
+14.7%
5+ $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
+15.0%
Columbus City Township
+10.9%
Lewis Center
+9.2%
Westerville
+5.0%
Westerville City Township
-0.7%

Housing Supply in Orange Township, OH

How many homes are available in Orange Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
108122+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1316
+23.1%
3 2729
+7.4%
4 5054
+8.0%
5+ 1722
+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 2024Feb 2024CHANGE
1724+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orange Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
43 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Orange Township, OH

Nearby Markets to Orange Township, OH

What housing markets are near Orange Township, OH?