Is Orange, VA 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 was a Buyer's Market.
Housing Prices in Orange, VA
How much do homes in Orange, VA cost?
Median Sold Price
$340,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orange was $340,000 in March 2024, up 20.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $142.5K | N/A |
2 Bedrooms | $192.5K | $225K | +16.9% |
3 Bedrooms | $273K | $324.7K | +19.0% |
4 Bedrooms | $418.4K | $404.9K | -3.2% |
5+ Bedrooms | $702K | $565K | -19.5% |
Summary: Orange 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 increased by 16.9%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 19.5%.
Housing Supply in Orange, VA
How many homes are available in Orange, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 66 | -2.9% |
Summary: The Orange real estate market had 66 homes for sale in March 2024, a 2.9% decrease 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 | 4 | 6 | +50.0% |
3 Bedrooms | 34 | 28 | -17.6% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Orange 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 increased by 50%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Orange in March 2024, up by 142.9% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for Orange, VA
How long does it take to sell a home in Orange, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 26 Days | -47.2% |
Summary: Homes in Orange had an average of 26 days on market in Mar 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Orange; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.