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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orting is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Orting, WA cost?

Median Sold Price

$555,715

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$79,215(+16.6%)

Key Takeaway

Homes in Orting have sold for 16.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$300.7K
N/A
2 $407K$435K
+6.9%
3 $440K$485K
+10.2%
4 $532.5K$588.1K
+10.5%
5+ $555K$605.1K
+9.0%

Median Sold Price Compared To Nearby Cities

Orting
+16.6%
Graham
+5.0%

How many homes are available in Orting, WA?

Number of Homes For Sale

Nov 2022Dec 2022%
2723-14.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 10
-100.0%
2 34
+33.3%
3 98
-11.1%
4 1311
-15.4%
5+ 10
-100.0%

Number of Homes Sold

Nov 2022Dec 2022%
114-63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orting, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
18 Days73 Days+299.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Orting has remained consistent over time.

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

About Orting, WA

Number of homes for sale in Orting, WA real estate market have reached 23. The number of homes for sale in Orting, WA decreased by 14.8% between November 2022 and December 2022. Listings spent 73 days on the market in December 2022, and had a median list price of $555,715 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 6.9% more expensive, prices of 3 bedrooms properties increased by 10.2%, 4 bedrooms properties prices increased by 10.5%, prices of 5 bedrooms properties increased by 9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 100%, number of 2 bedrooms homes increased by 33.3%, number of 3 bedrooms homes decreased by 11.1%, number of 4 bedrooms homes decreased by 15.4%, 5 bedrooms homes inventory decreased by 100%. In December 2022, from all listings sold in Orting, WA there were more than 1 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.

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