Is Orchards, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Orchards has remained a Seller's Market.
Housing Prices in Orchards, WA
How much do homes in Orchards, WA cost?
Median Sold Price
$460,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Orchards was $460,000 in June 2024, up 2.2% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.9K | $264K | +22.8% |
2 Bedrooms | $335K | $350K | +4.5% |
3 Bedrooms | $435K | $444.5K | +2.2% |
4 Bedrooms | $530.3K | $535K | +0.9% |
5+ Bedrooms | $650K | $650K | 0.0% |
Summary: Orchards housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Camas | $685K | $757.8K | +10.6% |
Vancouver | $475K | $499.7K | +5.2% |
Brush Prairie | $799.9K | $829.9K | +3.7% |
Orchards | $450K | $460K | +2.2% |
Housing Supply in Orchards, WA
How many homes are available in Orchards, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
269 | 282 | +4.8% |
Summary: The Orchards real estate market had 282 homes for sale in June 2024, a 4.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 163 | 157 | -3.7% |
4 Bedrooms | 60 | 72 | +20.0% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Orchards housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
68 | 57 | -16.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Orchards in June 2024, down by 16.2% month-over-month. Of the 57 sold homes, 35% were sold under asking, 21% were sold at asking, and 44% were sold over asking.
Days on Market for Orchards, WA
How long does it take to sell a home in Orchards, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +30.0% |
Summary: Homes in Orchards had an average of 24 days on market in Jun 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 57 homes were sold in Orchards; 68% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.