Is Orchards, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$459,350
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orchards was $459,350 in March 2024, up 1.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211K | $214.9K | +1.9% |
2 Bedrooms | $349K | $344.7K | -1.2% |
3 Bedrooms | $444.4K | $435K | -2.1% |
4 Bedrooms | $530K | $540K | +1.9% |
5+ Bedrooms | $655K | $650K | -0.8% |
Summary: Orchards housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Vancouver | $469.9K | $496.4K | +5.6% |
Camas | $712K | $747.5K | +5.0% |
Brush Prairie | $810K | $829.9K | +2.5% |
Orchards | $454.4K | $459.3K | +1.1% |
Housing Supply in Orchards, WA
How many homes are available in Orchards, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
247 | 288 | +16.6% |
Summary: The Orchards real estate market had 288 homes for sale in March 2024, a 16.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 25 | +47.1% |
3 Bedrooms | 140 | 153 | +9.3% |
4 Bedrooms | 65 | 78 | +20.0% |
5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The Orchards 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 47.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 51 | +41.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Orchards in March 2024, up by 41.7% month-over-month. Of the 51 sold homes, 37% were sold under asking, 25% were sold at asking, and 37% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 38 Days | -6.8% |
Summary: Homes in Orchards had an average of 38 days on market in Mar 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in Orchards; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.