Is Orrtanna, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orrtanna is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Orrtanna, PA

How much do homes in Orrtanna, PA cost?

Median Sold Price

$270,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$2,500(-0.9%)

Key Takeaway

Homes in Orrtanna have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Orrtanna was $270,000 in June 2024, down 0.9% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$55K
N/A
2 $197.7K$241K
+21.9%
3 $265K$350K
+32.1%
4 $467K$269.9K
-42.2%
5+ --
N/A

Summary: Orrtanna housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 32.1%, 4 bedroom homes decreased by 42.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hamiltonban Township
+30.9%
Franklin Township
+2.0%
Fayetteville
-0.3%
Orrtanna
-0.9%

Housing Supply in Orrtanna, PA

How many homes are available in Orrtanna, PA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
79+28.6%

Summary: The Orrtanna real estate market had 9 homes for sale in June 2024, a 28.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 59
+80.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Orrtanna housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orrtanna, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Orrtanna in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Orrtanna, PA

How long does it take to sell a home in Orrtanna, PA?

Average Sale Time

Jun 2023Jun 2024CHANGE
34 Days8 Days-76.5%

Summary: Homes in Orrtanna had an average of 8 days on market in Jun 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 2 homes were sold in Orrtanna; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Orrtanna, PA

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