Is Orrville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$181,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Orrville have sold for 17.7% less than they did a year ago.
Summary: The median home sold price in Orrville was $181,000 in March 2024, down 17.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $98.4K | +31.3% |
| 2 Bedrooms | $184.2K | $177.5K | -3.7% |
| 3 Bedrooms | $218K | $186K | -14.7% |
| 4 Bedrooms | $245K | $238.2K | -2.8% |
| 5+ Bedrooms | $198.4K | $112.6K | -43.2% |
Summary: Orrville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 43.2%.
Median Sold Price Compared To Nearby Cities
| Baughman Township | $229.9K | $237.5K | +3.3% |
| Green Township | $212.4K | $180K | -15.3% |
| Orrville | $219.9K | $181K | -17.7% |
Housing Supply in Orrville, OH
How many homes are available in Orrville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Orrville real estate market had 17 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orrville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orrville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Orrville in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -25.8% |
Summary: Homes in Orrville had an average of 18 days on market in Mar 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orrville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Orrville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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