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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orrville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Orrville, OH

How much do homes in Orrville, OH cost?

Median Sold Price

$215,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1,000(-0.5%)

Key Takeaway

The sold price of homes in Orrville has remained the same since last year.

Summary: The median home sold price in Orrville was $215,000 in May 2024, down 0.5% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $75K$98.4K
+31.3%
2 $203.5K$175K
-14.0%
3 $214.9K$215.2K
0.1%
4 $250K$250K
0.0%
5+ $197.9K$90.2K
-54.4%

Summary: Orrville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 54.4%.

Median Sold Price Compared To Nearby Cities

Orrville
-0.5%
Baughman Township
-0.6%
Green Township
-7.3%

Housing Supply in Orrville, OH

How many homes are available in Orrville, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2226+18.2%

Summary: The Orrville real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1213
+8.3%
4 68
+33.3%
5+ 02
+100.0%

Summary: The Orrville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were 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 Orrville, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Orrville in May 2024, down by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Orrville, OH

How long does it take to sell a home in Orrville, OH?

Average Sale Time

May 2023May 2024CHANGE
15 Days78 Days+410.9%

Summary: Homes in Orrville had an average of 78 days on market in May 2024, up by 410.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Orrville has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Orrville; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Orrville, OH

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