Is Orange County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Orange County was a Seller's Market.
Housing Prices in Orange County, TX
How much do homes in Orange County, TX cost?
Median Sold Price
$199,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orange County was $199,500 in March 2024, down 15% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $55K | 0.0% |
2 Bedrooms | $112K | $99.9K | -10.8% |
3 Bedrooms | $212K | $189.9K | -10.4% |
4 Bedrooms | $274.9K | $282.3K | +2.7% |
5+ Bedrooms | $295K | $330K | +11.9% |
Summary: Orange County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Counties
Hardin County | $260K | $263.9K | +1.5% |
Jefferson County | $200K | $189.2K | -5.4% |
Orange County | $234.8K | $199.5K | -15.0% |
Housing Supply in Orange County, TX
How many homes are available in Orange County, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 128 | +6.7% |
Summary: The Orange County real estate market had 128 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 62 | 69 | +11.3% |
4 Bedrooms | 40 | 40 | 0.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Orange County 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 remained the same, 3 bedroom homes increased by 11.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Orange County in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Orange County, TX
How long does it take to sell a home in Orange County, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 49 Days | -38.7% |
Summary: Homes in Orange County had an average of 49 days on market in Mar 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Orange County; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.