Is Orchards, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orchards is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Orchards, WA cost?

Median Sold Price

$453,966

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$38,966(+9.4%)

Key Takeaway

Homes in Orchards have sold for 9.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $170K$260K
+52.9%
2 $290K$349.9K
+20.7%
3 $400K$440.1K
+10.0%
4 $480K$530K
+10.4%
5+ $550K$625K
+13.6%

Median Sold Price Compared To Nearby Cities

Camas
+15.4%
Vancouver
+13.3%
Brush Prairie
+10.2%
Orchards
+9.4%

How many homes are available in Orchards, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
376342-9.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 3833
-13.2%
3 194177
-8.8%
4 10694
-11.3%
5+ 3637
+2.8%

Number of Homes Sold

Oct 2022Nov 2022%
8258-29.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orchards, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days25 Days+59.1%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Orchards, WA

Number of homes for sale in Orchards, WA real estate market have reached 342. In November 2022 in Orchards, WA there were 9% less homes for sale than in October 2022. In November 2022 median list price was $453,966 and the average listing age was 25 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 52.9%, the cost of 2 bedrooms properties went up by 20.7%, 3 bedrooms properties prices increased by 10%, prices of 4 bedrooms properties went up by 10.4%, prices of 5 bedrooms properties increased by 13.6%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 50%, the quantity of 2 bedrooms homes went down by 13.2%, number of 3 bedrooms homes decreased by 8.8%, 4 bedrooms homes inventory decreased by 11.3%, number of 5 bedrooms homes increased by 2.8%. In November 2022 more than 14 listings in Orchards, WA were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 27 were sold below.

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